Amount in compound interest = p(1 + r/t)^nt where p is the initial
deposit, r = rate, t = number of compunding in a period and n = period.
Here,
Amount after t years = 103(1.02)^t
i.e. 1 + r = 1.02
r = 1.02 - 1 = 0.02
Therefore, annual interest rate = 0.02 x 100 = 2%
Answer:
f(0) = 12
Step-by-step explanation:
You want to substitute 0 for x
f(0) = 5(0) + 12
f(0) = 12
Answer:
-5/12
Step-by-step explanation:
Solve for x by simplifying both sides of the equation, then isolating the variable.
Answer:
32
Step-by-step explanation:
