The formula is
A=p (1+r)^t
A future value 7300
P present value 1500
R interest rate 0.0675
T time?
7300=1500 (1+0.0675)^t
Solve for t
Divide both sides by 1500
7300/1500=1.0675^t
Take the log for both sides
Log (7300/1500)=t×log (1.0675)
Divide both sides by log (1.0675)
T=log(7,300÷1,500)÷log(1.0675)
T=24.2 years round your answer to get 24 years
Hope it helps!
Answer: The answer is (C) Exponential.
Step-by-step explanation: We are to select out of the given options the type of graph that a savings account with compounded interest be modelled.
We know that compounding gives more interest because we are earning interest on interest, and not just on the principal.
The formula foe compound interest is given by
where, 'P' is the principal, r is the rate of interest and 'n' is the number of years.
Therefore, we can see that the function is of exponential type.
If we draw the graph of compound interest earned every year with a particular rate of interest is of exponential type.
So, the correct option is (C) Exponential.
Step-by-step explanation:
(5 – 5i) . (-3+5i)
=-15+25i+15i-25i²
=-25i²40i-15
Answer:
The unit cost per ounce for turkey skylar is $ 0.316
Step-by-step explanation:
The total amount of sliced turkey = 5 pounds + 4 ounces
The total cost of turkey slice = $26.88
Now, as we know
1 pounds = 16 ounces
∴ 5 pounds = 16 × 5 = 80 ounces
So, the total amount is 5 pounds + 80 pounds = 85 pounds
∵ 85 pounds of turkey sliced cost $ 26.88
∴ 1 pounds of turkey sliced cost $
= $ 0.316
Hence the unit cost per ounce for turkey skylar is $ 0.316 Answer