Answer:
C
Step-by-step explanation:
Answer:
..
Step-by-step explanation:
no the correct point would be (7,12)
7x1=7
7+5=12
3/(5x) + x = 3/(5x) + x/1 * (5x)/(5x)
= 3/(5x) + 5x²/5x
= (3+5x²) / 5x
Answer:
Step-by-step explanation:
If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
a)6 years
b)12 years
c)18 years
***
compound interest formula: A=P(1+r/n)^nt, P=initial investment, r=interest rate, n=number of compounding periods per year, A=amt after t-years.
For given problem:
P=10000
r=.02
n=2
t=6, 12, 18
..
A(6)=10000(1+.02/2)^2*6
A(6)=10000(1.01)^12=11,268.25
A(12)=10000(1.01)^24=12,697.35
A(18)=10000(1.01)^36=14,307.69
