Bit of help with Exponential Functions. Last 4 problems some with multiple parts.
i think its C
What? Its not multiple choice. Did you even read the question?
@johnweldon1993 @Nnesha
P=principal amount (starting amount ) r= interest rate ( we need in decimal form so first divide 6 by 100) t =years (time ) n= number of compounding period ( times per year) compounded semiannually = n= 2 ( 2 times in a year) compounded quarterly =n= 4 ( 4 times per year) compounded monthly n=12 (12 months in a year) compounded continuously =n=1
Yes I figured out that top part. Thank you for the second half of information. I didnt know all that.
I have all the information set up as the equation but im not sure where im suppose to start at.
A= 25,000 (1+ 0.06 over 2) ^2*7
PEMDAS rule first solve parentheses then exponent 3rd) multiply/add
\[\rm A=2500(\color{ReD}{1+\frac{0.06}{2}})^{2*7}\] divide 0.06/2 = 0.03 \[\rm A=2500(\color{ReD}{1+ 0.03})^{2*7}\] now just add one and then exponent
1.03...
ye \[\rm A=2500(\color{ReD}{1.03})^{2*7}\] and 2 times 7 =14 \[\rm A=2500(\color{ReD}{1.03})^{14}\]
Okay.. I got 37814.74312 ..
it's 25000** my bad
correct round it nearest cent
um 37814.7 ?
When I did 1.51 *25000 I got 37750 .. So which is the correct answer?
(1.03)^14 = 1.512589 so if you round it hundredth and thousandth place 1.5126 times 25000= you will get 37815 something
i will directly type all of this into the calculator \[\rm A=25000(\color{ReD}{1+\frac{0.06}{2}})^{2*7}\]
Its saying 37814.7 is not the correct answer.
round nearest cent** in other words round nearest hundredth
|dw:1446507852632:dw| circle the hundreth place and then look at the next number if it's 5 or above 5 then round number on hundred place one unit up
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