Provide an appropriate response.Suppose that $1000 is invested for 5 years at 4% interest, compounded annually. In what year will the most interest be earned? Why?
What will be an ideal response?
The most interest will be earned in the fifth year, because the amount on which the interest is paid is greatest at the end of the fourth year.
Mathematics
You might also like to view...
Use the inverse variation model to find the following.Suppose b varies inversely as c. Find the equation that relates b and c if it is known that b = 32 when Then use this equation to determine b if c is 2.
A. b = 36
B. b = 72
C. b =
D. b = 144
Mathematics
Find the derivative of the function.h(x) = 4
A. 43
B. 3
C. -43
D.
Mathematics
Use the graph to find a ? > 0 such that for all x, 0 < < ? ?
< ?.
A. 0.05 B. 0.5 C. 3 D. 0.1
Mathematics
Find an equation of the following curve.A hyperbola centered at the origin having vertex at (0, -6) and eccentricity equal to 2
A. -
= 1
B. +
= 1
C. -
= 1
D. -
= 1
Mathematics