Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can u solve C not sure if i did it right G. . Any exponential growth or decay application can be describe using the formula

image text in transcribed

can u solve C not sure if i did it right

image text in transcribed
G. . Any exponential growth or decay application can be describe using the formula A = A (k) Growth rate % k = 1+r T = time Decay rate % k = 1-r T= t Half-life k = 1/2 T = t/h, where h is the half-life of the element Doubling k = 2 T =t/d, where d is how long it Tripling k = 3: takes to double or triple Compound Interest k = 1+r T = nt = total number of times n = # compounding period interest is compounded Imagine that you invested $15300 at an interest rate of 12% compounded quarterly. a) How much money will you have after 1 year? $ 17, 225. 28 A = 15300 (It .9 = 15300 (1.03 b) How much money will you have after 14 months? 14 $ 17, 562. 99 = 15300 ( 1 tal 21 c) How long does it take for the value to triple? 125 15300 ( 1 +012) 4x 12 -.. . mm lo years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computational Invariant Theory

Authors: Harm Derksen, Gregor Kemper

2nd Edition

3662484226, 9783662484227

More Books

Students also viewed these Mathematics questions

Question

Calculate the plantwide overhead rate for the fabric plant.

Answered: 1 week ago