Principal ?

Question

Using the formula, A=P[1+(r/h)]^(nt), let r = 10%, p=1, n=1 and give the coordinates (t,a) for the points where t=0,1,2,3,4. Round your answer to the hundreth's place.

what are the coordinates?

Can you please show me the steps to get the answer??

Answer 1

This is just a "plug and chug".

For instance

A(0) = 1[1 + (.10/1)]^(1*0) = 1, so (0, 1)
A(1) = 1[1 + (.10/1)]^(1*1) = 1[1 + .10]^1 = 1.1, so (1, 1.1)

etc