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Mathematics 12 Online
OpenStudy (anonymous):

~(Bonjour love!) -my bad. -Please kindly help me on this problem. @IMStuck

OpenStudy (anonymous):

OpenStudy (anonymous):

\[152250\times (1.034)^{13}\] and i dare you to do it without a calculator!

OpenStudy (anonymous):

see wolfram really is your friend

OpenStudy (imstuck):

Formula in general is\[A=A _{0}(1+r)^{t}\]

OpenStudy (imstuck):

Ao is your starting vaue o 152,250, your r is the rate of, and t is 13.

OpenStudy (anonymous):

@satellite73 You make me laugh, lol. 235,138.804 Well....Correction- my android phone is my best friend. xD

OpenStudy (mathmale):

Assume that this is a case of compound interest. Principal: $152.250; annual interest rate: 3.4% => 0.034; number of compounds per year: 1; number of years = 13.

OpenStudy (anonymous):

@IMStuck We're solving for "r" ?

OpenStudy (anonymous):

to increase a number by \(3.4\%=.034\) you multiply it by \(1.039\) to do it repeatedly, say 13 times, you mutiply it by \((1.034)^{13}\)

OpenStudy (anonymous):

no you are not solving for anything it is a straight forward computation with a (ahem) calculator

OpenStudy (anonymous):

:P I know. 1.54

OpenStudy (anonymous):

?

OpenStudy (anonymous):

I multiplied 1.034^13

OpenStudy (anonymous):

For the first problem you gave me I got: 235,138.804

OpenStudy (anonymous):

the wolf strikes again http://www.wolframalpha.com/input/?i=152250%281.034%29^%2813%29

OpenStudy (anonymous):

>.< fine!!

OpenStudy (anonymous):

\[\$235138.80\]

OpenStudy (anonymous):

lol what you got ten minutes ago

OpenStudy (anonymous):

Why are we just now concluding this!? >.<

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