Mathematics, 22.05.2020 04:06 richardgibson2005
Meera has been visiting banks all day trying to find the best compound interest rate for her savings account. The banks have decided that instead of telling her their rate, they are going to give her the equation that will calculate her current balance after t years. Below are the equations each bank gave to Meera, where f(t) is the balance after t years and P is the principal amount to be placed in the savings account. Select the equation of the bank that has the greatest compound interest rate. Select one:
A. f(t) = P(1.07)t
B. f(t)= P(1.03)2t
C. f(t) = P(1.02)4t
D. f(t) = P(0.90)t
Answers: 2
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Paula makes stained-glass windows and sells them to boutique stores. if her costs total $12,000 per year plus $4 per window for the frame. how many windows must she produce to earn a profit of at least $48,000 in one year if she sells the windows for $28 each? 1. define a variable for the situation. 2. write an inequality that represents her profit. note: revenue is money coming in. cost is money going out. profit is the difference between the revenue and the cost. in other words: revenue - costs profit 3.using words, describe how many windows she must sell to have a profit of at least $48,000.
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Meera has been visiting banks all day trying to find the best compound interest rate for her savings...
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