The answer is your looking for is 400
Your answer is going to be the first one: 3^2
When solving anproblem including money a negative answer can represent debt (how much you owe)
Answer:
$14,048.62
Step-by-step explanation:
The interest is 9% per year and compounded 3 times a year, so each compound will be 9%/3 = 3%
The time elapsed will be 15 years and the interest compounded 3 times a year, so the number of compounds happens will be = 15 years* 3 compounds/year= 45x compound.
So basically the money will get 3% interest 45 times. To put into the compounding interest formula, the final account balance will be:
A = P (1 + [ r / n ]) ^ nt
A= amount of the balance after a period of t
P= principal, the initial money deposit( $3,715)
r= rate(9%)
n= number of compound per unit of time(3 times per year)
t= time(15 years)
The calculation will be:
A = P (1 + [ r / n ]) ^ nt
A = 
A = $14,048.62
Answer:
C
Step-by-step explanation:
Here, we want to find which of the expressions have the greatest rate of exponential growth.
The easiest way to go about this is have a substitution for the term t;
Let’s say t = 6
Thus;
h(t) = 1.18^1 = 1.18
K(t) = 0.375^6 = 0.002780914307
f(t) = 1.36^6 = 6.327518887936
g(t) = 0.86^6 = 0.404567235136
Another way to find this is to express each as a sum of 1
f(t) = (1+ 0.36)^t
g(t) = (1-0.14)^t
k(t) = (1-0.625)^t
We can see clearly that out of all the terms in the brackets asides 1, 0.36 is the biggest in value