Answer:
so rate is 4.72 %
Step-by-step explanation:
Given data
time (t) = 5 year = 5×4 = 20 quarterly
amount = $27456
principal = $1225
to find out
interest rate (r)
solution
we use here amount formula that is
amount = principal (
-1 ) / r .....................1
put all value principal , amount and time in equation 1 and we get rate
rate is r/4 because it is quarterly payment
amount = principal (
-1 ) / r/4
27456 = 1225 (
-1 ) / r/4
(
-1 ) / r/4 = 27456/ 1225
(
-1 ) / r = 27456/ (1225 × 4)
(
-1 ) = r 27456/ (1225 × 4)
now by the tvm solver and amount $27456
graph value
we get r = 0.0472
so rate is 4.72 %
Answer:
The value of the bond when Tyler's mom purchased it was $150
Step-by-step explanation:
we know that
In this problem we have a exponential function of the form

where
a is the initial value (y-intercept)
b is the base
r is the rate
b=(1+r)
In this problem
r=4%=4/100=0.04
b=1+0.04=1.04
substitute

where
x is the number of years since the savings bond was purchased
f(x) is the value of the savings bond
For x=1
f(x)=$156
substitute

Solve for a


therefore
The value of the bond when Tyler's mom purchased it was $150
✅
<u>Step</u>-<u>by</u>-<u>step</u> <u>explanation</u>:

<u>Note</u>:-
- A fraction is said to be written in its lowest form if its numerator and denominator are prime, that is, they have no common factors other than 1.

Answer:
d = 1 + 3p
Step-by-step explanation:
Leon already ran 1 miles on his own and he is expected to cover a distance d of 3 miles during each practice. The number of practices is expressed as p and the distance covered is expressed as d.
For every track practice he is expected to cover a distance of 3 miles. Recall he has already cover 1 mile on his own.
Therefore, the relationship between the practices p and the distance d can be expressed as follows.
number of track practice = p
distance covered = d
The distance covered d in miles is 1 miles plus the number of track practice p multiply by 3
d = 1 + 3p