Answer:
The value after three years is $137,027.97
Step-by-step explanation:
Here, we want to get the value of the home after 3 years
Generally, we have the exponential formula as follows;
y = P(1 + r)^t
where P is the original cost which is $124,400
r is the rate of increase which is 3% = 3/100 = 0.03
t is the time which is 3 years
Substituting these values;
y = 125400(1 + 0.03)^3 = $137,027.97
9514 1404 393
Answer:
11
Step-by-step explanation:
The future value of the account is given by the formula ...
A = P(1 +r/12)^(12t) . . . . principal P invested at rate r for t years
Solving for t, we find ...
A/P = (1 +r/12)^(12t) . . . . . . . . . . . divide by P
log(A/P) = 12t·log(1 +r/12) . . . . . . take logs
Divide by the coefficient of t, then fill in the numbers.
t = log(A/P)/(12·log(1 +r/12)) = log(202800/93000)/(12·log(1 +.068/12))
t ≈ 11.497
It will take about 11 years for the account balance to reach the desired amount.
If these coordinates are translated two units down, we will subtract 2 units from the y axis to have A(2, -1), B(0, -3) and C(2, -3)
<h3>Translation of coordinate point</h3>
Translation is a transformation technique of changing the position of an object on the xy-plane.
Given the following coordinate of a triangle expressed as:
A(2, 1)
B(0, -1)
C(2, -1)
If these coordinates are translated two units down, we will subtract 2 units from the y axis to have:
A(2, -1)
B(0, -3)
C(2, -3)
Learn more on translation here; brainly.com/question/1046778
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