Answer:
the coefficient is 3, the variable is y and the exponent is 1.
Step-by-step explanation:
the coefficient is always the number, it can stand alone, or have multiple variables attached. The variable is the letter in an equation, they also can stand alone or follow a coefficient. The exponent is not shown, but if you were to multiply y once, it would equal y.
Hope this helps.
Answer:
The total amount after 2 years of Joann's investment at a rate of 6% compounded annually is US$ 48.314.80 (rounded to the nearest cent)
Step-by-step explanation:
1. Let's review the data given to us for answering the question:
Investment amount = US$ 43,000
Duration of the investment = 2 years
Annual interest rate = 6% compounded annually
2. Let's find the future value of this investment after 2 years, using the following formula:
FV = PV * (1 + r) ⁿ
PV = Investment = US$ 43,000
number of periods (n) = 2 (2 years compounded annually)
rate (r) = 6% = 0.06
Replacing with the real values, we have:
FV = 43,000 * (1 + 0.06) ²
FV = 43,000 * (1.06) ²
FV = 43,000 * 1.1236
FV = US$ 48.314.80