Here is a butt load of problems (: Gotta finish them by tonight ^^Suppose that you were saving money over 5 years to use in a purchase later. You have $1000 to put in the savings. After surveying several banks for savings plans, you found these options. "A" stands for the amount you will have in the bank after x years.

Option A: Your money would receive simple interest at the end of 5 years.

The formula is A = 1000 + 1000(0.05) x.

Option B: Your money will be compounded continuously.

The formula is A = (1000)(2.71828)(0.05 x).
i willpost the rest as a comment

Question

Here is a butt load of problems (: Gotta finish them by tonight ^^Suppose that you were saving money over 5 years to use in a purchase later.  You have $1000 to put in the savings.  After surveying several banks for savings plans, you found these options.  "A" stands for the amount you will have in the bank after x years.

Option A:  Your money would receive simple interest at the end of 5 years.

The formula is A = 1000 + 1000(0.05) x.

Option B:  Your money will be compounded continuously.

The formula is A = (1000)(2.71828)(0.05 x).
i willpost the rest as a comment

anonymous · Answer

The formula is A = (1000)(2.71828)(0.05 x).

    Option C:  You will invest in a CD (Certificate of Deposit) compounded yearly.

        The formula is A = (1000)(1.05) x.

    Option D:   Buy a US Savings Bond.  Buy at $1000 now. 

        When cashed in 5 years later, the amount will be $1267.

Calculate each of these. You can find this by substituting x = 5 in each formula.  Note that there is no formula in the US Savings Bonds option, just the amount.

anonymous · Answer

:|

anonymous · Answer

u realise its calculator work

anonymous · Answer

it would have taken u less time to do the calculation yourself then it would to type up the question

anonymous · Answer

it even tells u what to do " You can find this by substituting x = 5 in each formula"

anonymous · Answer

they couldnt make it any easier

anonymous · Answer

.. uhh i copied and pasted (:

anonymous · Answer

so you are saying that you dont know how to use a calculator?

anonymous · Answer

so you are saying that you dont know how to use a calculator?

anonymous · Answer

you are definately going to fail the school exams if you cant use a calculator

anonymous · Answer

Well, you have to realize that Mathematics is not for everyone. She is into writing poems. ;)

anonymous · Answer

but its not even maths , its just typing numbers in a calculator and pressing equals

anonymous · Answer

maybe you should do the calculations yourself instead of being so mean

anonymous · Answer

i like mowrey and dancr of fire alot (:

anonymous · Answer

:)

anonymous · Answer

how is it being mean

its 100% truth , you will fail the school exams if you cant use a calculator.

I thought "Ilovefun" is like 17yrs old , but then you should know how to use a calculator :|

anonymous · Answer

the point of this website is to get help with math problems not be harassed by someone who feels they are better then everyone else