Answer:
Step-by-step explanation:
So the thing about adding of integers is that is both nos. are positive then you can simply add it and same with negative too.But with negative and positive we should subtract but that is for later.Luckily we have 2 positive integers so we do it like this:
+6 is the same as 6 and +2 is the same as 2 so we...
rule:add the numbers and add the sign.
Answer:
A(t) = 200+15t(1+0.02)^{t}
Step-by-step explanation:
Since the interest is calculated on the new balance every year.
Hence the formula used for compound interest is:
A = P(1+^{nt}
where, A =Amount after t years
P =Principal amount
200 is the initial balance and Since, here the $15 is added to the balance each year. Therefore, P = 200+15t
r = rate each year (0.02)
t = time (in years) (t)
n = no. of times the interest is compounded in a year (n=1)
Therefore, the recursive formula is:
A(t) = 200+15t(1+0.02)^{t}