That is around 13 or 14 cents. The specific answer is 13.65853659 cents, but you can either round up to 14 or round down to 13 (rounding up to 14 is the correct way to do it.)
First you divide 1.12 by 8.2 to get the unit rate because It takes $1.12 to buy 8.2 ounces. 1.12/8.2=13.65853659
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