Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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Concept explainers

Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
Question

  1. Recall that the formula for earnings on a principal investment compounded annually is:

    A = P * (1 + r)t

    where:

    A = amount in the fund

    P = principal (initial amount invested)

    r = Annual Percentage Rate (APR) (as a decimal)

    t = time in years, or term

     

    If you invest $3,000 into each of the four options below, which option would yield the highest amount at the end of the term?

      a.

    4 years, 10% APR
      b.

    12 years, 3% APR
      c.

    6 years, 7% APR
      d.

    8 years, 5% APR
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