Answer:
The amount of invested money after a period of 4 years:
A = 200 x (1 + 9/100)^4 = 282.32 dollar
Hope this helps!
:)
Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
A. 1 pound of cherries costs 2.50
B. Yes it is constant
C. I believe that you would put cost on the y and lbs on the x
E. 5 lbs of cherries = 2.50 x 5 = $12.50
Answer:
I don't have the graph, but I'll explain what you need to do. Plot a point with the coordinates (1,3.5), (2,7), (3,10.5), and (4,14). Now draw a straight line connecting al these pints but don't go past the origin into the negative as in this situation it is not possible. There! Now you have a graph :)
