The initial investment = $250
<span>annual simple interest rate of 3% = 0.03
</span>
Let the number of years = n
the annual increase = 0.03 * 250
At the beginning of year 1 ⇒ n = 1 ⇒⇒⇒ A(1) = 250 + 0 * 250 * 0.03 = 250
At the beginning of year 2 ⇒ n = 2 ⇒⇒⇒ A(2) = 250 + 1 * 250 * 0.03
At the beginning of year 3 ⇒ n = 3 ⇒⇒⇒ A(2) = 250 + 2 * 250 * 0.03
and so on .......
∴ <span>The formula that can be used to find the account’s balance at the beginning of year n is:
</span>
A(n) = 250 + (n-1)(0.03 • 250)
<span>At the beginning of year 14 ⇒ n = 14 ⇒ substitute with n at A(n)</span>
∴ A(14) = 250 + (14-1)(0.03*250) = 347.5
So, the correct option is <span>D.A(n) = 250 + (n – 1)(0.03 • 250); $347.50
</span>
Answer:
0.29
Step-by-step explanation:
I used a calculator
Answer:
3/4
Step-by-step explanation:
4/5 ÷ 16/15
To divide by a fraction, multiply by the reciprocal.
4/5 × 15/16
Switch the numerators.
15/5 × 4/16
Reduce each fraction.
3/1 × 1/4
Multiply.
3/4
Answer:
b. 11 apples; 1 orange
Step-by-step explanation:
We test each option, and see if the total is $3.50(what you spend). If the result is different, it is not a possible solution.
a. 1 apple; 11 oranges
1 apple for $0.20
11 oranges for $0.30 each
0.20 + 11*0.30 = $3.50
Possible solution
b. 11 apples; 1 orange
11 apples for $0.20 each
1 orange for $0.30
11*0.2 + 0.3 = 2.5
Not $3.5, so this is not a possible solution.
This is the answer
c. 7 apples; 7 oranges
7*0.2 + 7*0.3 = $3.5
Possible
d. 4 apples; 9 oranges
4*0.2 + 9*0.3 = $3.5
Possible
Answer:
A = 24 cm^2
Step-by-step explanation:
The area of a triangle is given by
A = 1/2 bh
A = 1/2 (12)*4
A = 24 cm^2
