Mathematics
26.04.2022 15:04
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Jason invests $325 in a bank account. The bank has an annual interest rate of 24%.
Jason invests $325 in a bank account. The bank has an annual
interest rate of 24%. How much interest did his investment earn
after one year?
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after one year?
donbright100
4,6(12 marks)
Use formula A = P(1+r) ^ t
P = 325, r = 0.24, t = 1
A = 325(1 + 0.24)
A = 325(1.24)
A = 403
He earns $403
P = 325, r = 0.24, t = 1
A = 325(1 + 0.24)
A = 325(1.24)
A = 403
He earns $403
sierranowe2003
4,9(54 marks)
Andrea's Expression: (1 - 0.2)^w
w: number of weeks
0.2: percent decrease
1 - 0.2: decay factor for each week
I got Eric's Expression wrong :(
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