30. TRAVEL Before starting her vacation, Sari's car had 23,500 miles on the
1 answer:
You might be interested in
Given:
Principal = $14000
Rate of interest = 10% compounded semiannually.
Time = 11 years.
To find:
The accumulated value of the given investment.
Solution:
Formula for amount or accumulated value after compound interest is:
Where, P is the principal values, r is the rate of interest in decimal, n is the number of times interest compounded in an year and t is the number of years.
Compounded semiannually means interest compounded 2 times in an years.
Putting in the above formula, we get
Therefore, the accumulated value of the given investment is $40953.65.
By inspection 1 is a root of y ,
Hence , (x-1) is a factor of y ,
Hence , the 2 other roots are -1/2 and 3 , and the above graphs confirms the same.
Hope it helps you :)
