Apply models of situations related to business administration using linear, polynomial, exponential and logarithmic functions. Correctly use mathematical notation or terminology. Make sure to include correct mathematical procedures and provide clear and complete explanations and interpretations. Remember to express the solution in the context of the situation. In the case that the result is decimal, you will round it to two decimal places. If $ 5,200 is invested each year in an annuity that earns 9% annual interest, when will the account be worth $ 25,000? Round to the nearest tenth. If (P) dollars are invested at the end of each year in an annuity that bears interest at an annual rate (r), the amount in the account will be (A) dollars after (n) years, where:
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Apply models of situations related to business administration using linear, polynomial, exponential and logarithmic functions. Correctly use mathematical notation or terminology. Make sure to include correct mathematical procedures and provide clear and complete explanations and interpretations. Remember to express the solution in the context of the situation.
In the case that the result is decimal, you will round it to two decimal places.
If $ 5,200 is invested each year in an annuity that earns 9% annual interest, when will the account be worth $ 25,000? Round to the nearest tenth.
If (P) dollars are invested at the end of each year in an annuity that bears interest at an annual rate (r), the amount in the account will be (A) dollars after (n) years, where:
Step by step
Solved in 2 steps
