Which expression represents the growth of an investment of $1,500 at 1

1.	Which expression represents the growth of an investment of $1,500 at 12% per year for a period of t years?A. 1500(12)tB. 1500(0.12)tC. 1500t1.12D. 1500(1.12)t
Answer» Given: An investment of $1,500 at 12% per year for a period of t years To find: The expression representing the GROWTH of an investment Solution: We know the formula for calculating the future value of an investment is as follows: $\boxed{\bold{FV = PV[1 + i]^<klux>N</klux>}}$ where FV = future value of an investment PV = Present value i = rate of interest n = no. of years Here we have PV = $ 1500 i = 12% n = t years Therefore, on substituting the values in the formula, we get $FV = 1500 [1 + \frac{12}{100} ]^t$ $\implies FV = 1500 [1 + 0.12 ]^t$ $\implies \bold{FV = 1500 [1.12 ]^t}$ ← option (D) Thus, the expression that represents the growth of an investment of $1,500 at 12% per year for a period of t years is → $\boxed{\bold{1500 [1.12 ]^t}}$ . ---------------------------------------------------------------------------------------------- Also View: If MR. John Chrystal invests $6,000 today (Present Value) at a compound interest of 9 percent, calculate the Future Value of the investment after 30 years USING the compound interest formula. In addition, calculate the Future Value of the investment 30 years from now using a 9 percent simple interest rate. State the difference between the two Future Values (using compound and simple interest). brainly.in/question/5765479 you invest ₹3000 in a 2-year investment that pays you 12% per ANNUM. calculate the future value of the investment brainly.in/question/12819826 At what rate of interest per annul should Rita invest if she wants to grow Her rupees 2500 to 4000 in five Years? brainly.in/question/5156004

Which expression represents the growth of an investment of $1,500 at 12% per year for a period of t years?A. 1500(12)tB. 1500(0.12)tC. 1500t1.12D. 1500(1.12)t

Answer»

Given:

An investment of $1,500 at 12% per year for a period of t years

To find:

The expression representing the GROWTH of an investment

Solution:

We know the formula for calculating the future value of an investment is as follows:

$\boxed{\bold{FV = PV[1 + i]^<klux>N</klux>}}$

where

FV = future value of an investment

PV = Present value

i = rate of interest

n = no. of years

Here we have

PV = $ 1500

i = 12%

n = t years

Therefore, on substituting the values in the formula, we get

$FV = 1500 [1 + \frac{12}{100} ]^t$

$\implies FV = 1500 [1 + 0.12 ]^t$

$\implies \bold{FV = 1500 [1.12 ]^t}$ ← option (D)

Thus, the expression that represents the growth of an investment of $1,500 at 12% per year for a period of t years is → $\boxed{\bold{1500 [1.12 ]^t}}$ .

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Also View:

If MR. John Chrystal invests $6,000 today (Present Value) at a compound interest of 9 percent, calculate the Future Value of the investment after 30 years USING the compound interest formula. In addition, calculate the Future Value of the investment 30 years from now using a 9 percent simple interest rate. State the difference between the two Future Values (using compound and simple interest).

brainly.in/question/5765479

you invest ₹3000 in a 2-year investment that pays you 12% per ANNUM. calculate the future value of the investment

brainly.in/question/12819826

At what rate of interest per annul should Rita invest if she wants to grow Her rupees 2500 to 4000 in five Years?

brainly.in/question/5156004