Elementary Algebra

Published by Cengage Learning
ISBN 10: 1285194055
ISBN 13: 978-1-28519-405-9

Chapter 6 - Factoring, Solving Equations, and Problem Solving - 6.1 - Factoring by Using the Distributive Property - Problem Set 6.1: 95

Answer

The answer is below.

Work Step by Step

We plug in the given values into $A = P(1+rt)$. Recall, r must be written as a decimal, so if we are considering 8%, r=.08. a) $A = 100(1+(.08*2)) = 116$ b) $A = 200(1+(.09*3)) = 254$ c) $A = 500(1+(.1*5)) = 750$ d) $A = 1000(1+(.1*10)) = 2000$
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