Given
Present investment, P = 22000
APR, r = 0.0525
compounding time = 10 years
Future amount, A
A. compounded annually
n=10*1=10
i=r=0.0525
A=P(1+i)^n
=22000(1+0.0525)^10
=36698.11
B. compounded quarterly
n=10*4=40
i=r/4=0.0525/4
A=P(1+i)^n
=22000*(1+0.0525/4)^40
=37063.29
Therefore, by compounding quarterly, she will get, at the end of 10 years investment, an additional amount of
37063.29-36698.11
=$365.18
Answer:
4x+13
Step-by-step explanation:
combine like terms -2x and 6x to get 4 then combine 9 and 4 to get 13
Answer:
The population of bacteria is increasing.
Step-by-step explanation:
The function modelling the population of bacteria in the given culture is an exponential function; We have a base 1.03 and an exponent t. An exponential function is said to be increasing if the base is strictly greater than 1, this implies that the population of the bacteria is increasing as t increases from 0 to infinity.