Question

Part A: Identify the values of P,r, and n in the expression P(1 +r/n )^nt based on Emma's situation. Then substitute those values into the formula to write a simplified exponential expression in terms of time. Replace the variables a, b, and c to write the expression.

Answer 1

Find P, r, and n in the given expression and simplify it.

Explanation:

• here we have, P-> initial amount of Emma's purchase $P=\ 300$  
• here we have, r-> interest rate being imposed which is given to be $15\%$ hence we get $r=0.15$
• here we have , n-> number of compounding periods per year , since here it is given that compounding is done every month we get, $n=12$
• here we have the future amount payable by Emma after time 't' for given rate of interest and compounding periods on the initial amount as,       $A=P(1+\frac{r}{n} )^{nt}$  
• substituting the values of P, r and n we get the simplified expression for future amount payable in terms of time as,                                                $->A=300(1+\frac{0.15}{12} )^{12t}\\->A=300((1.0125)^{12})^t\\->A=300(1.160755)^t$        ------ANSWER

Answer 2

answer:

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Step-by-step explanation: