Trudy invested $3,200 into an account that will increase in value by 2.5% each year. Write an exponential function to model the situation, then find the value of the investment after 10 years?

Example: Suppose you give $100 to a bank which pays you 10% compound interest at the end of every year. After one year you will have $100 + 10% = $110, and after two years you will have $110 + 10% = $121.

compound interest image

Problem:

If you deposit $4500 into an account paying 7% annual interest compounded semi anualy , how much money will be in the account after 9 years?

Result:

The amount is $8358.7 and the interest is $3858.7.

Explanation:

STEP 1: To find amount we use formula:

A = total amount

P = principal or amount of money deposited,

r = annual interest rate

n = number of times compounded per year

t = time in years

In this example we have

After plugging the given information we have

STEP 2: To find interest we use formula , since 8358.7  P =  we have:

3858.7

Step-by-step explanation:

b: |12 – x| ≤ 0.25

step-by-step explanation:      

let x be the possible lengths in inches, of the ribbons jaime cut.

we have been given that jaime is cutting strips of ribbon for a project. he tries to cut each piece to be 12 inches long, but sometimes he cuts it too long or too short by as much as 0.25 inch.  

we can represent this information in an inequality as:

by the definition of absolute value function we will get,

upon combining our inequalities we will get,

therefore, the inequality   describes all the possible lengths (x), in inches, of the ribbons jaime cut.

step-by-step explanation: