You worked hard over the holiday break and earned an extra $1,500. You want to deposit that amount into your savings account. This savings account will earn 3.0% interest annually and no other deposits will be made. What is the future value of your deposit after 5 years?

$1,738.95

Step-by-step explanation:

FV = PV(1+r/n)^nt

FV = future value

PV = present value = $1,500

r = interest rate = 3.0% = 0.03

n = Number of periods = 1

t = 5 years

FV = PV(1+r/n)^nt

= 1,500(1 + 0.03/1)^1*5

= 1,500(1 + 0.03)^5

= 1500(1.03)^5

= 1,500(1.1593)

= 1,738.95

FV = $1,738.95

The future value of your deposit after 5 years is $1,738.95

hi there!

the answer will be d: 2

let's cover over the formula of the vertex:

y = a(x – h)^2 + k

in this formula, (h,k) are the vertex, always remember that the positive or negative value of the vertex is based on the sign it has.

for example, if the vertex is -3,-6 then both the x and y value would have the positive sign attached to it and if it were a positive x and y value, then a negative sign would be attached to it.

with that being said, for our problem the x value is a positive one so we are looking for a number with a negative sign next to it, in this case the first and second choice.

however, for the first answer choice it isn't quite part of the formula so we know that the answer choice correctly displays the x value.

to confirm, we can see if the -1 fits correctly with the second answer choice, and as mentioned above a negative number will have a positive sign attached to it. so, for our problem we can see that -1 has been changed to +1, so we can confirm that the second answer choice is correct.

hence, our final answer is y=(x - 1)^2 + 1