The initial investment = $250
<span>annual simple interest rate of 3% = 0.03
</span>
Let the number of years = n
the annual increase = 0.03 * 250
At the beginning of year 1 ⇒ n = 1 ⇒⇒⇒ A(1) = 250 + 0 * 250 * 0.03 = 250
At the beginning of year 2 ⇒ n = 2 ⇒⇒⇒ A(2) = 250 + 1 * 250 * 0.03
At the beginning of year 3 ⇒ n = 3 ⇒⇒⇒ A(2) = 250 + 2 * 250 * 0.03
and so on .......
∴ <span>The formula that can be used to find the account’s balance at the beginning of year n is:
</span>
A(n) = 250 + (n-1)(0.03 • 250)
<span>At the beginning of year 14 ⇒ n = 14 ⇒ substitute with n at A(n)</span>
∴ A(14) = 250 + (14-1)(0.03*250) = 347.5
So, the correct option is <span>D.A(n) = 250 + (n – 1)(0.03 • 250); $347.50
</span>
Answer:
0.55A dollars
Step-by-step explanation:
If 45% of the money was spent, then the percentage left was
100% - 45%, or 55%.
Thus, to answer this question, we multiply (A dollars) by 0.55:
0.55A dollars was left after the expenditure of 45% of the original amount.
Answer:100. Step-by-step explanation round to to nearest 10
Answer:
R = 14
Step-by-step explanation:
<u>The formula for finding the circumference of a circle is πd or 2πr:</u>
Since we are trying to find the radius, we'll use 2πr.
28 ÷ 2 = 14.
So, that means the radius is 14.
<u>Check:</u>
14 · 2 = 28.
28 · π = 28π
Thus, an answer of 
is correct.
