Answer:
The first equation must be multiplied by 18 and second equation must be multiplied by 8
Step-by-step explanation:
Answer:
The APR is 16%.
Step-by-step explanation:
Jason writes the following function to represent the amount of money in his account after 7 years given quarterly compounding of the $2430 initial deposit as
......... (1)
a. If we want to rewrite the equation in the form
.......... (2)
Then comparing equation (1) and (2) we get, A = 2430 and t = 7
Hence, 7n = 28
⇒ n = 4
Now,
⇒ r = 0.16 i.e. 16%
Therefore, the expression is
(Answer)
b. The APR is 16%. (Answer)
<span>=<span><span><span>3*3</span>*3</span>*3
</span></span><span>=<span>3^4
</span></span><span>=<span>81
81 is the answer</span></span>
The answer would be 17 if your concerned.