MAT150 Unit 3 Review **no need to show f(g(x)) = g(f(x)) = x Find f(x) for the following functions: 52) f(x) = (2x +1)5 53) Compound interest is cal culated using the formula below: A = P (1+12 Where A is the future value, P is present value, and t is the number of years for the loan/investment. a) If you invest $1,000 at 9% interest for 8 years, what is the future value of the investment? b) If you want to have $2,500 for a vacation in 3 years, how much should you invest today if you can get 10% on the investment? c) If you borrow $500 at 12% interest, how long will it take for the amount you owe to double?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
icon
Related questions
Question
MAT150
Unit 3 Review
**no need to show f(g(x)) = g(f(x)) = x
Find f(x) for the following functions:
52) f(x) = (2x +1)5
53) Compound interest is cal culated using the formula below:
A = P (1+12
Where A is the future value, P is present value, and t is the number of years for the
loan/investment.
a) If you invest $1,000 at 9% interest for 8 years, what is the future value of the investment?
b) If you want to have $2,500 for a vacation in 3 years, how much should you invest today if you
can get 10% on the investment?
c) If you borrow $500 at 12% interest, how long will it take for the amount you owe to double?
Transcribed Image Text:MAT150 Unit 3 Review **no need to show f(g(x)) = g(f(x)) = x Find f(x) for the following functions: 52) f(x) = (2x +1)5 53) Compound interest is cal culated using the formula below: A = P (1+12 Where A is the future value, P is present value, and t is the number of years for the loan/investment. a) If you invest $1,000 at 9% interest for 8 years, what is the future value of the investment? b) If you want to have $2,500 for a vacation in 3 years, how much should you invest today if you can get 10% on the investment? c) If you borrow $500 at 12% interest, how long will it take for the amount you owe to double?
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra And Trigonometry (11th Edition)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
Introduction to Linear Algebra, Fifth Edition
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
College Algebra (Collegiate Math)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education