Question 1 (1 point) Danny wants to buy a truck in 4 years. He is going to put away $2,500.00 into his savings account that will pay him 6.75% interest compounded
monthly. How much will he have when he withdraws the funds to give a down payment?

Amount after 4 years = $3274.125

Step-by-step explanation:

Time t= 4 years

Principal amount p= $2500

Interest rate R= 6.75%

Number of times compounded n= 4*12

Number of times compounded n= 48

Amount A = p(1+r/n)^(nt)

A= 2500(1+0.0675/48)^(48*4)

A= 2500(1+0.001406)^(192)

A= 2500(1.001406)^192

A= 2500(1.30965)

A= 3274.125

Amount after 4 years = $3274.125

about 168 miles

step-by-step explanation:

the functions have the same rate of change i think. i narrowed it down to this answer and "the rate of change of tour 1 is greater" but i got it wrong using that answer so im assuming its the answer above. (this is a question i also answered from the iready site if anyone needs a reference)