A woman invests a specific amount of money which earns compounded interest at a particular rate. This situation is represented by the equation: A=1000(1.023)2t. (Remember: A=P1+rnnt)

Step-by-step explanation:

First expand the expression so it looks like the formula for compound interest.

1.023 is the same as 1 + 0.023

A = 1,000 * (1 + 0.023) ^ 2t

P = Initial amount invested.

r = the interest rate

n = number of times compounded

t = no of periods or years.

Amount invested is therefore $1,000.

Number of compounding times is 2.

Interest rate should be 0.023 but from the formula we see it has already been divided by the number of compounding periods which is 2. Interest is therefore:

= 0.023 * 2

= 0.046

= 4.6%

this excerpt is taken from the book “we shall not be moved : the women’s factory strike of 1909 “ and is written by joan dash. it is the story of the great strike when almost 30thousand women working in factories in america formed a union to fight unsafe working conditions, long working hours and miserable wages.

question: which best states the author’s purpose for including this information in the text?

answer: to challenge the reader’s ideas about a historical event