jasmine569840 jasmine569840

24-08-2021
Mathematics

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a bank account balance for an account with an initial deposit of p dollars earns interest at an annual rate of r . the amount of money in the account after n years is described using the following expression p (1+r)n what effect if any does decreasing the value of r have on the amount of money after n years?

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bermatematikacom bermatematikacom

29-08-2021

Answer:

Step-by-step explanation:

For the same exponent n and 1 < a < b we have

[tex]a^n < b^n[/tex]

Now if we decrease the r the value then 1 + r will also decrease.

If follows that the amount of money after n years will also decrease.

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