Answer: $1114.91
Step-by-step explanation:
The formula for compound interest is
Where
A = final amount
P = initial principal balance (1030 for this)
r = interest rate (0.04 for this)
n = number of times interest applied per time period (2 for this)
t = number of time periods elapsed (2 for this)
This rounds up to $1114.91
Answer:
The required graph is shown below:
Step-by-step explanation:
Consider the provided graph
The above function is a linear function.
We can draw the graph of the linear function with the help of two points.
Substitute x = 0 in
Hence, the coordinates are (0,2)
Substitute f(x) = 0 in
Hence, the coordinates are (-0.0625,0)
Now join the above points.
The required graph is shown below:
