suppose you deposit $1000 in a savings account that pays 4.8% interest compounded monthly. Write an exponential function to model the amount of money in your savings account. How much will you have in your account after 2 years?

Answers

Answer 1

Answer:

The exponential function is [tex]A(t) = 1000(1.004)^{12t}[/tex].

You will have $1,100.55 in the account after 2 years.

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

[tex]A(t) = P(1 + \frac{r}{n})^{nt}[/tex]

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

Deposit $1000 in a savings account that pays 4.8% interest compounded monthly.

This means that [tex]P = 1000, r = 0.048, n = 12[/tex]. So

[tex]A(t) = P(1 + \frac{r}{n})^{nt}[/tex]

[tex]A(t) = 1000(1 + \frac{0.048}{12})^{12t}[/tex]

[tex]A(t) = 1000(1 + 0.004)^{12t}[/tex]

[tex]A(t) = 1000(1.004)^{12t}[/tex]

This is the exponential function

How much will you have in your account after 2 years?

This is A(2). So

[tex]A(2) = 1000(1.004)^{24} = 1100.55[/tex]

You will have $1,100.55 in the account after 2 years.


Related Questions

A family buys airline tickets online. The family buys travel insurance that costs ​$ per ticket. The total cost is ​$. Let x represent the price of one ticket. Write an equation for the total cost. Then find the price of one ticket.

Answers

Answer:

One ticket equals $169

Step-by-step explanation:

The family buys 4 airline tickets online.

The travel insurance costs $19 per ticket.

The total cost is $752.

A.

An equation that models this problem could be

Basically, we know that the insurance costs $19 which represents an additional costs after the price per ticket, that's why we need to add them. Then, we know that the familiy bought 4 tickes, that's why we multiply by 4, and finally, the total cost must be equal to 752, according to the problem.

B.

To find the price of one ticket, we just need to solve the equation for

Therefore, one ticket costs $169.

someone pls help me with this question

Answers

Answer:

Surface Area = 2×(6×8 + 6×4 + 8×4) = 208 centimeters2

Step-by-step explanation:

Step-by-step explanation:

please see the attachment..n note it somewhere on a sheet n paste that at a place where you can see that every now n then...so you'll learn that slowly n gradually... you'll enjoy!!!(◍•ᴗ•◍)❤

n the figure at the right UV || BJ || QL, BQ = 6, UL = 3y - 1 , VB = y + 2 and UJ = y + 5 then y =

Answers

Answer:

s

Step-by-step explanation:

A zoo has 15 toucans and 60 parrots. What is the ratio of the number of toucans to the
number of parrots at the zoo

Answers

Answer:

1:4

Step-by-step explanation:

Answer:

1:4

Step-by-step explanation:

15 is the common factor so divide both numbers by 15 and that's what you get

Simplify 22w/55

2/5
22/55
2w/11
2w/5

Answers

Answer:

2w/5

Step-by-step explanation:

Divide whole numbers by 11,leave the variable.

2w/5 because you have to divide whole numbers by 11,and leave the variable

2. Factorizar: 3ax – 3ay – 2bx + 2by
help please :(

Answers

Answer:

There are no like terms.

Step-by-step explanation:

basically that is your answer you can not solve so it will be 3ax – 3ay – 2bx + 2by

Ana and her friends are decorating the gym for a dance. They need 270 balloons. The balloons are only sold un packages. Tere are 50 balloons in each package.

Answers

Answer:

Step-by-step explanation:

270 div

-g + 2(3 + g) = -419 + 1)
What is the solution

Answers

Answer:

Step-by-step explanation:

g

424

v

=

-

g

-

424

Answer: g=-424

Step-by-step explanation:

Given

-g+2(3+g)=-419+1

Expand parenthesis

-g+6+2g=-419+1

Combine like terms

g+6=-418

Subtract 6 on both sides

g+6-6=-418-6

g=-424

Hope this helps!! :)

Please let me know if you have any questions

Find the 96 th derivative of f(1) = sin c.
f (96) (2)
=

Answers

The derivatives of sin(x) follow a simple pattern:

f(x) = sin(x)

f '(x) = cos(x)

f ''(x) = - sin(x)

f '''(x) = - cos(x)

f ''''(x) = sin(x)

and so on. 96 is a multiple of 4, so

f ⁽⁹⁶⁾(x) = sin(x)

Explain your answer !

( WILL GIVE BRAINLST)

Answers

last one bc it jus is the last one so put in the last one bc the last one is the right one

Answer:

C

Step-by-step explanation:

I think it would be easiest to see these numbers in decimal form to determine which number is the greatest and which is the smallest.

2 as a decimal=2.0

Square root of 7 as a decimal= 2.64575131106

1/3 as a decimal= 0.3333333333333333333333333333333333333333333...

So, 0.3333333...<2.0<2.64575131106

or 1/3, 2, square root of 7

Answer is C

simplify(x^5^2/ x^2)

Answers

25 I think is the correct answer

Answer:

x^23

Step-by-step explanation:

Cancel the common factor of x^5^2 and x^2

Factor x^2 out of x^5^2

(x^2) (x^5^2-2) / (x^2)

cancel common factors

x^25-2 = x^23

What percent of 30 is 45?
Please

Answers

Answer:

150

Step-by-step explanation:

Answer:

answer is 66.67

Step-by-step explanation:

30: 45*100=

(30*100):45=

3000:45=66.67

100000000000000000000+10000000000000000

Answers

Answer:

1.0001e+20

Step-by-step explanation:

Answer:

1.0001e+20

Step-by-step explanation:

Sophia uses 3 3/4 cups of flour for each cake she makes. She has a 10-pound bag of flour that costs $8.79 and contains 152 quarter-cup servings.

Question 1
Part A

How many cakes can Sophia make with this flour?

Answers

The number of cakes Sophia can make is 10.

The bag of flour contains 152 quarter-cup servings. So, the quantity in t he bag has to be divided by four.

Number of cups = 152 / 4 = 38 cups

In order to determine the number of cakes she can make, divide the number of cups in the bag by the cups needed to make one cake.

38 ÷ 3 3/4

38 ÷ 15/4

38 × 4/15 = 10.1 cakes

To learn more about division, please check: https://brainly.com/question/808272

Sophia will be able to make 10 cakes with this amount of flour.

Since Sophia uses 3 3/4 cups of flour for each cake she makes, and she has a 10-pound bag of flour that costs $ 8.79 and contains 152 quarter-cup servings, to determine how many cakes can Sophia make with this flour you must perform the following calculation:

3/4 = 0.75 (152/4) / 3.75 = X 38 / 3.75 = X 10.13 = X

Therefore, Sophia will be able to make 10 cakes with this amount of flour.

Learn more about maths in https://brainly.com/question/25815188

if 4/5x =16, what is the value of -2x-15

Answers

Answer:

-55 I believe

Step-by-step explanation:

the question is what has BLM Done?

Answers

Answer:

Well, BLM has done a lot.

It brought people together, but also shredded others from each other.

The BLM was like a wilting rose still shining as bright as ever.

It started riots sure, but some BLM supporters were quite peaceful.

It all depends on how we look towards the BLM.

Paul is planning to sell bottled water at the local carnival. Paul's profit (in dollars) from
selling b bottles of water is given by the formula P = 1.356 - 342.
Interpret the Slope in this situation.
Paul's profit is increasing at a rate of
Select an answer

Answers

Answer:

Hi how are you doing Jasmine

A number decreased by 14% is 115. What is the number?

Answers

Edit, my calc is broken, sorry for the inconvenience, please disregard.

The number decreased by 14%  is found as the 133.7.

What is a definition of the percentage?

A percentage is defined as a relative value that represents the hundredth part of any quantity. Each percent (symbolized 1%) is one hundredth portion; thus, 100 percent symbolizes the entire amount and 200 percent defines twice the given amount.

Let the original number be 'x'.

number decreased by 14%

That means of x = 460.

Then,

86% of x = 1115

86x/100 = 115

x = 11500/86

x = 133.7

The original number be 133.7.

To know more about the percentage, here

brainly.com/question/24304697

#SPJ2

Which term best describes the two lines represented by the equations below?

Answers

Answer:

Option (2)

Step-by-step explanation:

Equations of the lines have bee given as,

y = [tex]\frac{4}{3}x-5[/tex]

y = [tex]\frac{4}{3}x+3[/tex]

Both the equations are in the slope intercept form. (y = mx + b)

They have same slopes but different y-intercepts.

Same slopes of the equations define the lines to be the parallel lines.

Therefore, Option (2) will be the correct option.

4.23cups/1liter = x cups/6liters

Answers



Working out:
X=6x4.23
Answer:
X=25.38

melanie walks 2 large dogs and 8 small dos as part of her dog walking business the simplified ratio of large dogs to small dogs is

Answers

Answer:8:36

Step-by-step explanation:

Answer: 1 : 4

Step-by-step explanation:

The simplified ratio of large dogs to small dogs is 1 : 4.

The original, unsimplified ratio would be 2 : 8, because there are 2 large dogs for every 8 small dogs. But to simplify it, we can divide each side by 2.

2 ÷ 2 = 1, while 8 ÷ 2 = 4.

Therefore, the simplified ratio of large dogs to small dogs is 1 : 4.

Hope this helps!

PLEASE HELP,, WILL GIVE LOTS OF POINTS & BRAINLY

Answers

Answer:

the amplitude is 3/2

the vertical shift is 0

Step-by-step explanation:


X +0.25 0.75, x=0, 0.5, 1

Answers

Answer:

hello good evening

be happy always

i need help i will mark brainiest

Answers

Step-by-step explanation:

option D

16+ 125/ 6= 141/6 = 47 / 2 = 23.5

plz mark my answer as brainlist plzzzz.

hope this will be helpful to you .

Answer:

23.5

Step-by-step explanation:

4^2+5^3/2+4

16+125=141

141/6=23.5

Solve for X

Pls help if you can

Answers

Answer:

x+8

Step-by-step explanation:

144-24 =120

120/15=8

x=8

Someone please help

Answers

The total is 360°. Your answer would be 120, if you subtract the other angles from 360.

Answer:

100

Step-by-step explanation:

360 is the total degree for every quadrilateral. 80+75+105=260. 360-260=100.

Item 2
Which of the following is not another way of expressing 88 out of 100?


22/25

0.088

88%

0.88

Answers

Answer:

The answer is B: 0.088

Step-by-step explanation:

22/25, multiply both sides by 4 to get 88/100

88% is 88/100

0.88 is 88/10

B :)

0.088 would be a lot less than a whole number

Explain answer !!

( WILL GIVE BRAINLEST)

Answers

After four weeks, they both have the same amount of money. Larissa’s amount of money is constantly decreasing and Chuco’s is constantly increasing. At the four week mark on the graph, their two line intersect, representing that at that point they had the same amount of money.

Answer:

Step-by-step explanation:

Larissa: y = 250 - 25x

Chucho: y = 30 +30x

4 weeks

let f(x)=4+3x and g(x)=x^2-3. find each function value: (f+g)(-4)

Answers

Answer:

43

Step-by-step explanation:

You are going to want to substitute the x of the function f(x) with the function of g(x) and replace the x in g(x) with -4

(f+g)(-4) = 4+3((-4)^2-3)

=43

hope this helped!

Answer:

43

Step-by-step explanation:

;)

If Jessica drank 3 1/2 glasses of water her sister drank twice as much how many glasses did her disinter drink

Answers

Answer:

Step-by-step explanation:

7

7! Hope this helps you!
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