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Fantom [35]
3 years ago
13

Andre withdrew spending money from his checking account that initially had $982. What was the amount of his withdrawal, w, if hi

s ending balance was $922.
Mathematics
1 answer:
Angelina_Jolie [31]3 years ago
3 0

Answer:

$60.00

Step-by-step explanation:

you subtract the original number with the new number to see the difference.

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I know that just the answer is not enough. You need to understand why and how. So I will explaing the steps.

First you need to state the equation that represents the function.

Investment is $200 and interest rate is 5%, y is the amount of money after x periods.

Note that after 1 period the amount of money is 200 plus 5% interest, which is 200 + 5%(200) = 200 (1 +5%) = 200 (1 + 0.05) = 200 (1.05)

After 2 periods the amount is 200(1.05)*(1.05) = 200 (1.05)^2

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The answers are based in the initial value and the increasing factor.

The initial value is when x = 0, which yields to y = 200 (1.05)^0 = 200*1 = 200

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Then the answer is the first option. The initial value is 200 and the graph increases by a factor of 1.05 per 1 unit increase in time. 
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