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ladessa [460]
3 years ago
11

An employee puts $3,000 into a retirement fund that offers 7% interest compounded annually. The employee makes no other deposits

or withdrawals. Which amount is closest to the interest that the employee will have earned after 4 years?
Mathematics
1 answer:
Nookie1986 [14]3 years ago
7 0

Answer:

$840

Step-by-step explanation:

Given data

Principal = $3000

Rate= 7%

Time= 4 years

The expression for the simple interest is

SI= PRT/100

substitute

SI= 3000*7*4/100

SI= 30*7*4

SI= $840

Hence the interest is $840

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Troyanec [42]
\bf \qquad \qquad \qquad \qquad \textit{function transformations}
\\ \quad \\\\

\begin{array}{rllll} 
% left side templates
f(x)=&{{  A}}({{  B}}x+{{  C}})+{{  D}}
\\ \quad \\
y=&{{  A}}({{  B}}x+{{  C}})+{{  D}}
\\ \quad \\
f(x)=&{{  A}}\sqrt{{{  B}}x+{{  C}}}+{{  D}}
\\ \quad \\
f(x)=&{{  A}}(\mathbb{R})^{{{  B}}x+{{  C}}}+{{  D}}
\\ \quad \\
f(x)=&{{  A}} sin\left({{ B }}x+{{  C}}  \right)+{{  D}}
\end{array}

\bf \begin{array}{llll}
% right side info
\bullet \textit{ stretches or shrinks horizontally by  } {{  A}}\cdot {{  B}}\\\\
\bullet \textit{ flips it upside-down if }{{  A}}\textit{ is negative}
\\\\
\bullet \textit{ horizontal shift by }\frac{{{  C}}}{{{  B}}}\\
\qquad  if\ \frac{{{  C}}}{{{  B}}}\textit{ is negative, to the right}\\\\
\qquad  if\ \frac{{{  C}}}{{{  B}}}\textit{ is positive, to the left}\\\\
\end{array}

\bf \begin{array}{llll}


\bullet \textit{ vertical shift by }{{  D}}\\
\qquad if\ {{  D}}\textit{ is negative, downwards}\\\\
\qquad if\ {{  D}}\textit{ is positive, upwards}\\\\
\bullet \textit{ period of }\frac{2\pi }{{{  B}}}
\end{array}

now, with that template in mind, let's take a peek at this function

\bf \begin{array}{lllcclll}
y=&2(&1x&-2)^2&-4\\
&\uparrow &\uparrow &\uparrow &\uparrow \\
&A&B&C&D
\end{array}\\\\
-----------------------------\\\\
A\cdot B=2\impliedby \textit{shrunk by a factor of 2, of half-size}\\\\
\cfrac{C}{B}= \cfrac{-2}{1}\implies -2\impliedby \textit{horizontal right shift of 2 units}\\\\
D=-4\impliedby \textit{vertical down shift of 4 units}

so, the graph of y=2(x-2)²-4, is really the same graph of y=x², BUT, narrower, and moved about horizontally and vertically
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zalisa [80]

Answer:

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Step-by-step explanation:

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3 0
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