Answer:
72
Step-by-step explanation:
I have a weird way of doing it
so if 18 is 25%
18+18=36
then 36 would be 50%
36+36=72
so then 72 would be 100%
72*.25=18
30 = 100%
1 = 100/30 = 10/3 %
24 = 10/3 x 24 = 80%
Answer: 80%
4% simple interest after 7 years is 28% interest.
$1736 interest is 28% of $6,200
T(1) = 3, t(n) = -2t(n-1) + 1
So t(2) = -2(t(1)) + 1 = -2(3) + 1 = -5
t(3) = -2(t(2)) +1 = -2(-5) +1 = 11
t(4) = -2(t(3)) +1 = -2(11) +1 = -21
t(5) = -2(t(4)) +1 = -2(-21) +1 = 43
Answer:
1. $686.94
2. $735.03
3. $10707.55
4. $17631.94
5. $19635.72
Step-by-step explanation:
1st Question:
The interest rate is 7% for each year. This means that each year the person has to pay 7% more than the previous amount. So we need to multiply the initial amount by (0.07+1=1.07) in order to get the interest for the first year. if we want to find the second year's interests then we will have to multiply 2 (1.07)'s and so on.
in this case our function is: 600*(1.07)^t=P(t)
when t=2 P(2)=600*(1.07)^2=$686.94
2nd Question:
Function: 600*(1.07)^t=P(t)
when t=3 P(3)=600*(1.07)^3=$735.03
3rd Question:
initial value=$8500
1+0.08=1.08
Function: 8500*(1.08)^t=P(t)
t=3
P(3)=8500*(1.08)^3=$10707.55
4th Question:
initial value=$12000
1+1.08=1.08
t=5
Function: P(t)=12000*(1.08)^t
P(5)=12000*(1.08)^5=$17631.94
5th Question:
Function: 14000*(1.07)^t=P(t)
P(5)=14000*(1.07)^5
P(5)=$19635.72
