WORTH 60 points
1 answer:
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Answer:
100.7%
Step-by-step explanation:
Since the interest is compounded quarterly, and there are 4 quarters per year, that would leave us with 32 quarters total where interest is acquired. Now, we need to find the interest rate, that would be required in order to end up with 420 dollars after 32 quarters.
We can setup a formula using our period of time and the money he invested into the bank:
We can divide 340 from both sides, and simplify the right side to 21 divided by 17:
Taking the 32th root of 21/17 is equal to 1.00662, which is equal to 100.0662%. To the nearest tenth of a percent, this is equal to 100.7%.
Answer:
B and C
Step-by-step explanation:
Minimum and Maximum points occur when the gradient of the function is equal to 0. Graphically this looks like a bend such that the function dips from decreasing to increasing (the gradient goes form being negative to positive) and vice versa.
A minimum point occurs where all the nearby values are higher than that of the point in question.
A maximum point occurs where all the nearby points are lower than the point in question.
By looking at the graph, there is a maximum point around (4.5, 1.5) which is consistent with B but not A (since A talks about a minimum point)
By looking at the graph, there is a minimum point around (0.5, 1.5) which is consistent with C.
I've highlighted areas of interest below so hopefully that's helpful :>
