Provide an appropriate response.Find the amount by which the interest compounded annually is larger than the simple interest. Round to the nearest cent. Use the formula M = P(1 + i)n to find the compound amount.Principal: $620 Rate: 5% Years: 7
A. $438.40
B. $35.40
C. $24.86
D. $655.40
Answer: B
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Find the future value of the given annuity. Round to the nearest cent.$150 is invested quarterly for 9 years at 7% compounded quarterly
A. $7834.94 B. $8135.04 C. $7434.92 D. $13,435.05
Solve the problem.If a rock falls from a height of 70 meters on Earth, the height H (in meters) after x seconds is approximately 
What is the height of the rock when x = 1.6 seconds? Round to the nearest hundredth, if necessary.
A. 57.71 m B. 57.46 m C. 82.54 m D. 62.16 m
Solve the problem.A company that produces inflatable rafts has costs given by the function 
, where x is the number of inflatable rafts manufactured and C(x) is measured in dollars. The average cost to manufacture each inflatable raft is given by 
(x) = 
.What is the horizontal asymptote for the function 
? Describe what this means in practical terms.
A. y = 20; $20 is the least possible cost for producing each inflatable raft. B. y = 15,000; $15,000 is the least possible cost for running the company. C. y =15,000; 15,000 is the maximum number of inflatable rafts the company can produce. D. y = 20; 20 is the minimum number of inflatable rafts the company can produce.
Solve the problem.Suppose that $5000 is invested at an interest rate of 5.7% per year, compounded continuously. What is the doubling time?
A. 12.2 years B. 13.2 years C. 2 years D. 11.2 years