WILL GIVE BRANLEIST NEED TO TURN IN AT 8PM PLEASE HURRY Evaluate the expression 0.1(3.7) mentally. Justify your response using t
1 answer:
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Answer:
Yes, the given table represent an exponential function.
Step-by-step explanation:
Given table is :
x y
1 4
2 16
3 64
4 256
Now we need to identify if the given table represent an exponential function or not. To find that we need to check if we can write the numbers in y-column in form of exponential function .
We see that y-values are basically powers of 4 so we can write the related function as .
Which is clearly in form of .
Hence yes, the given table represent an exponential function.
Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
Step-by-step explanation:
The given is,
Investment = $ 8000
No. of years = 15 years
Interest rate, i = 3.1 %
( compounded monthly )
Step:1
For for calculating future value with compound interest monthly,
.................(1)
Where,
A = Future amount
P = Initial investment
r = Rate of interest
n = Number of compounding in a year
t = Time period
Step:2
From given values,
P = $8000
r = 3.1%
t = 15 years
n = 12 ( for monthly)
Equation (1) becomes,
A = $ 12728.48
Result:
Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.