Mr. Hewitt invested $1,600 into a retirement account that earns 2.4% interest compounded monthly. How much money will be in the account after 30 years? 1. Which formula should be used to model this situation? Response area

2. What is the principal? "initial amount" Response area

3. What is the rate of change? Response area

4. How many times a year is the interest rate compounded? Response area

5. How much money will be in the account after 30 years?

the answer is:

the answer is:

to solve the problem, we need to remember the quotient of power property, it's defined by the following relation:

if we have a quotienf of powers that have the same base, we need to keep the same base and subtract the exponent of the denominator power to the exponent of the numerator power.

so, we are given the expression:

then, calculating we have:

hence, the answer is:

have a nice day!

$320 to $405

step by step explanation:

in one day he earns between $64 and $81

therefore if he works for 5 days, he will earn between 64 x 5 to 81 x 5

= $320 to $405

10 - 8 = -2

  8 - 6 = -2

etc, so -2 is the common difference

step-by-step explanation: