A band earns $\frac{2}{3}$
1 answer:
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Answer:
Step-by-step explanation:
The equation of a quadratic function in vertex form is given by:
Where (h,k) is the vertex.
It was given in the question that the vertex of the parabola is (-1,4).
When we substitute the vertex into the formula we get:
The parabola also passes through (4,19) hence it must satisfy its equation.
We divide both sides by 25 to get:
Hence the quadratic function is:
we know that
The formula of simple interest is equal to
In this problem
we have
I=$170
P=$8,500
r=4%=4/100=0.04
t=?
substitute given values in the formula
therefore
0.5 years=6 months
<h2>The answer is 6 months</h2>