Answer:
Step-by-step explanation:
The equation A = d(1.005)^12t modelling the value of Daniel’s investment shows a monthly compounded interest. This means that the interest is compounded 12 times in a year.
We can confirm by inputting the given values
t = 8 years
d = 509
Therefore,
A = 500(1.005)12 × 8
A = 500(1.005)^96
A = $807.07
Therefore, the true statements are
Increases
Exponential
Never Decrease
Answer:
9.012 9.1 9.157 9.354
Step-by-step explanation:
Answer:
33%
Step-by-step explanation:
In 2003, there were 78.9 thousand jobs in the industry and it increases annually by 2.65 thousand jobs from 2003 to 2013.
Hence, from 2003 to 2013, i.e. 10 years the jobs have increased by (2.65×10) = 26.5 thousand.
Therefore, the percent increase in jobs in the industry from 2003 to 2013 is given by
% ≈ 33%. (Answer)
Answer:
Step-by-step explanation:
From the question, we can form an equation like: S = 7200 + 350X
where S is the salary and X is year.
1. His salary in the 9th year, means X=9, so we substitute 9 into the equation to find S = 7200 +350 (9) = 10350
2. The total he will have in the first 12years, we have:
Sum of first n terms of an <em><u>AP: S =(n/2)[2a + (n- 1)d]</u></em> where a is the value of the 1st term, here a is 7200 and d = 350 the common difference between terms
=> S = (12/2)[2*7200 + (12- 1)350] = 109500