25 POINTS!!!!
1 answer:
Answer: $509
Step-by-step explanation:
Given : Gabe is getting married in three years and wants to save $20,000 for his wedding. He opens an account earning 6% interest, compounded monthly.
According to the given description, we have
A= $20,000 , r= 6%=0.06 , t= 3 years , n= 12 [1 yearn = 12 months]
Formula to find Periodic monthly deposit :-
Substitute given values in the above formula , we get
Hence, the periodic monthly deposit (payment) needed to achieve a balance of $20,000 after three years= $509.
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In this question, the profit of the restaurant after t months is given by a polynomial function. To find when it begins to show a profit, we find the numerical values of the function for t, and it shows a profit when
Profit after t months:
0 months:
This is P(0). So
1 month:
This is P(1). So
2 months:
This is P(2). So
3 months:
This is P(3). So
4 months:
This is P(4). So
5 months:
This is P(5). So
6 months:
This is P(6). So
7 months:
This is `P(7). So
After 7 months it shows profit, so it starts showing profit on the 6th month, and thus, the correct answer is given by option D.
For another example of a function involving numeric value, you can check brainly.com/question/24231879