Question

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Samuel received $250 as prize money for winning the St. Peterson High School Badminton Tournament. The money was deposited in a special scholarship account that offered an annual interest of 1.8% compounded semiannually. The amount he will have in the account after t years can be calculated using the expression below.




Use the given expression to complete the statements below.


The expression is the of the amount initially deposited and the of one and the rate of increase raised to the number of.


The choices are for 1 are sum, quotient, square, product. Choices for 2 is quotient, sum, product, difference. Choices for 3 are compounding periods, months, years.

Answer 1

Complete Question:

sierrac3000

06/28/2019

Select the correct answer from each drop-down menu.

Samuel received $250 as prize money for winning the St. Peterson High School Badminton Tournament. The money was deposited in a special scholarship account that offered an annual interest of 1.8% compounded semiannually. The amount he will have in the account after t years can be calculated using the expression below.

250(1+0.018/2)^2t

Use the given expression to complete the statements below.

The expression is the *blank* of the amount initially deposited and the *blank* of one and the rate of increase raised to the number of *blank*

1st Blank:

Product

Sum

Quotient

Square

2nd Blank:

Quotient

Product

Difference

Sum

3rd Blank:

Compounding Periods

Years

Months

Answer:

1st blank = product

2nd blank = sum

3rd blank = years

Explanation:

The expression given above is :

250(1+0.018/2)^2t

The expression can thus be explained as:

The *product* of the amount initially deposited and the *sum* of one and the rate of increase raised to the number of *years*