exponential growth function because the numbers are positive so it'll go up idk the number but until somebody else answers you can do process of elimination

3 0

3 years ago

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Lyn invested $7,000 into a investment paying 3% interest, compounded semi-annually, twice a year. After five years, how much wou

gayaneshka [121]

Answer:

Option B.) $8,123.79

Step-by-step explanation:

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

in this problem we have

$t=5\ years\\ P=\$7,000\\ r=0.03\\n=2$

substitute in the formula above

$A=\$7,000(1+\frac{0.03}{2})^{2*5}$

$A=\$7,000(1.015)^{10}=\$8,123.79$

3 0

3 years ago

PLEASE HELP Which equations could this model represent? Choose all answers that are correct. A. 3 X 2/5= M B.1 2/5 X 3 = m C

Vaselesa [24]

C. and also D. are the answer s

4 0

3 years ago

100 pts LZ HLP(d) Mrs. Carothers suggested contacting a travel agent to see whether they could get a lower price. The agent foun

Arturiano [62]

2075 x .3 = 622.5
2075 - 622.5 = 1452.5

$1452.5

7 0

3 years ago

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