Question: Example 3 . In business, the compound interest formula is A = P * ( 1 + ( I / M ) ) ^ (
Example In business, the compound interest formula is A PIMTM where P is the principal present value or the original value of the investment I is the annual interest rate, M is the number of time the interest is computed per year, T is the number of years, and A is the value of the investment after T years.
a What type of function is this?
b What is the value of your investment after years, years, years, years, years and years if you deposit $ in an account that earns an annual rate compounded quarterly?
Example Windmills are increasingly being used to generate electricity. For moderate wind speeds, the power P in watts generated by a windmill us related to the wind speed v in miles per hour according to the equation
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