The school store sells Midville High T-shirts for $12 each and Midville High gym shorts for $9 a pair. One afternoon they sold a
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The accumulated value of an investment if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously is $30731.4 $ , $30785.98 $30823.14 , 30841.95
<h3>What is Interest ?</h3>Interest is the amount received by a person as a result of investing certain amount of money for a certain period of time.
It is given that
Principal = $ 25000
Time = 3 years
Interest Rate = 7 %
The amount is given by
Compounded semiannually
n = 2
Compounded Quarterly
n = 4
Compounded Monthly
n =12
Compounded Continuously
P = P₀
Therefore the accumulated value for
compounded Semiannually is
A = $30731.4
Compounded Quarterly
A = $30785.98
Compounded Monthly
A = $30823.14
Compounded Continuously
P = $30841.95
Therefore the accumulated value of an investment if the money is
a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously is
$30731.4 $ , $30785.98 $30823.14 , 30841.95
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In your situation you said that
Putting those together, you'd have because
.
To evaluate the difference quotient, first find each piece on it's own:
because
no matter what your x-value is.
So putting those together:
Remember that the difference quotient is basically finding the slope of something. Since you were given that the slope is 0, the difference quotient should work out to match that.