pramos0112233 pramos0112233
  • 02-05-2018
  • Mathematics
contestada

An investment of $450 increases at a rate of 6.5% per year. What is the growth factor, b?

Respuesta :

jdoe0001 jdoe0001
  • 02-05-2018
[tex]\bf \qquad \textit{Amount for Exponential Growth} \\\\ A=P(1 + r)^t\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{initial amount}\to &450\\ r=rate\to 6.5\%\to \frac{6.5}{100}\to &0.065\\ t=\textit{elapsed time}\\ \end{cases} \\\\\\ A=450(1+0.065)^t\implies A=450(\stackrel{growth~factor}{1.065})^t[/tex]
Answer Link

Otras preguntas

3/4 cup = ? ounces.
Why did Egyptians mummify their dead?
Los niños celebran los cumpleaños con _______.
write the ratio six to seven in other ways
Which of these best describes a desert climate
Propose three ways in which the government can ensure that the help iy offers is received by only the people who are in need
Senator Sano put 0.3 tsp of chocolate syrup in his milk. He tasted it and decided he needed more, so he mixed in 1.64 tsp more. How much chocolate syrup is in h
What are the main historical sources of the democratic tradition
If the federal reserve decreases the reserve rate from 7% to 5%, how does this affect the amount of money that would result because of fraction-reserve rbanking
Mr. and Mrs. Delgado each own an equal number of shares of a stock.Mr. Delgado sells one-third of his shares for $2700. What was the value of Mr. and Mrs.Gelgad