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Complete the table to show the number of times per year that account 3 compounds interest. Then, use that value to write the exponential expression that models the amount of money Brianna would have for account 3 after t years. The math process used to write the exponential expression for account 4 has been modeled for you:

Account 4: r = 0.03425, and n = 365 because the interest is compounded daily.

Because $250 is the initial deposit, P = 250.
I need know for 3rd year

Respuesta :

Answer:

1 1 250(1.035)t

2 12 250(1.002896)12t

3 52 250(1.0006635)52t

4 365 250(1.0000938)365t

Step-by-step explanation:

From Plato

The complete details is shown below:

What is interest?

Interest, in its most simple form, is calculated as a percent of the principal.

Given:

r = 0.03425, and n = 365

P = 250.

                                          Table

Expression for the Amount of Money             Number of Times Interest

after t Years                                                       is Compounded per Year

                                                                                  Account

250(1.035)                                                                    1

250(1.002896)12                                                        12

250(1.0000938)365+                                               365

So,

  • 1 *[250(1.035)t]
  • 12* [250(1.002896)12t]
  • 52* [250(1.0006635)52t]
  • 365* [250(1.0000938)365t]

Learn more about interest here:

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