30.12.2021

Which equation represents the value of the account, v,after x years

. 5

Faq

Mathematics
Step-by-step answer
P Answered by Specialist
Ok, this is a simple compound interest problem.
For A) your answer is 1350. The initial investment, P, is represented by a whole number.
For B) The compound interest is paid at 4%. Look at 1.04. Remember the formula, and subtract the 1 to find the interest rate
Mathematics
Step-by-step answer
P Answered by Specialist

a. $ 1,350

b. 4%

Step-by-step explanation:

a. Given function that shows the total value of Toni's investment after t years,

V=1350(1.04)^t,

Initially, ( when he invested ),

t = 0,

Thus, the invested amount = 1350(1.04)^0 = 1350(1) = $ 1,350,

b. Since, the amount formula in compound interest,

A=P(1+\frac{r}{n})^{nt}

Where,

P = Initial amount,

r = annual rate per period,

n  = number of periods per period,

t = number of years,

Here, the amount is compounded annually,

i.e. n = 1,

By the given function,

V=(1+0.04)^t

By comparing,

r = 0.04 = 4%

Hence, 4% interest is paid annually.

Mathematics
Step-by-step answer
P Answered by Master

a. $ 1,350

b. 4%

Step-by-step explanation:

a. Given function that shows the total value of Toni's investment after t years,

V=1350(1.04)^t,

Initially, ( when he invested ),

t = 0,

Thus, the invested amount = 1350(1.04)^0 = 1350(1) = $ 1,350,

b. Since, the amount formula in compound interest,

A=P(1+\frac{r}{n})^{nt}

Where,

P = Initial amount,

r = annual rate per period,

n  = number of periods per period,

t = number of years,

Here, the amount is compounded annually,

i.e. n = 1,

By the given function,

V=(1+0.04)^t

By comparing,

r = 0.04 = 4%

Hence, 4% interest is paid annually.

Mathematics
Step-by-step answer
P Answered by PhD

SI=(P*R*T)/100

P=2000

R=1.5

T=6

SI=(2000*1.5*6)/100

=(2000*9)/100

=180

Neil will earn interest of 180

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