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brooklyn4932
29.03.2020 •
Mathematics
Exponential Functions- For the following exercise, use the compound interest formula,
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Ответ:
$10,200
Step-by-step explanation:
The compound interest formula shown is:
Where
A(t) is the future amount
P is the initial deposit
n is the number of compounding in a year
annual = n is 1
semiannual = n is 2
quarterly = n is 4
etc.
t is the time in years
r is the rate of interest, annually
Now, the equation given is:
Matching this with general equation for compound growth, we can say:
rate of interest per year = 3%
n = 12 , that means monthly compounding
nt = 120
12t = 120
t = 10
So, number of years is 10
and
initial deposit, P is 10,200
The initial deposit made to the account was $10,200
Ответ:
6000 tons
Step-by-step explanation:
dirt thrown by one person = 50 x 2 = 100
there are 5 people in the home
dirt thrown by the family in a month = 100 x 5 = 500
In a year = 500 x 12 = 6000