Math Problem Statement
Suppose you make a deposit of $100 at the beginning of every year into an account. At the beginning of the first year, the value of the account will be 100 dollars; at the beginning of the second year, the value of the account, in dollars, can be found by the given equation. Complete parts (a) and (b) below. ModifyingBelow ModifyingBelow 100 plus 100 r with brace With Value of 1 st deposit plus ModifyingBelow ModifyingBelow 100 with brace With Value of 2 nd deposit equals 100 left parenthesis 1 plus r right parenthesis plus 100 equals 100 r plus 200 Question content area bottom Part 1 (a) Verify that the value of the account at the beginning of the third year is Upper T left parenthesis r right parenthesis equals 100 r squared plus 300 r plus 300. Part 2 Choose the correct answer below. A.100 left parenthesis 1 plus r right parenthesis left parenthesis 1 plus r right parenthesis plus 100 left parenthesis 1 plus r right parenthesis plus 100 r equals 100 r squared plus 300 r plus 100 plus 100 r plus 100 equals 100 r squared plus 300 r plus 300 100 left parenthesis 1 plus r right parenthesis left parenthesis 1 plus r right parenthesis plus 100 left parenthesis 1 plus r right parenthesis plus 100 r equals 100 r squared plus 300 r plus 100 plus 100 r plus 100 equals 100 r squared plus 300 r plus 300 B.100 left parenthesis 1 plus r right parenthesis left parenthesis 1 plus r right parenthesis plus 100 left parenthesis 1 plus r right parenthesis plus 100 equals 100 r squared plus 200 r plus 100 plus 100 r plus 100 plus 100 equals 100 r squared plus 300 r plus 300 100 left parenthesis 1 plus r right parenthesis left parenthesis 1 plus r right parenthesis plus 100 left parenthesis 1 plus r right parenthesis plus 100 equals 100 r squared plus 200 r plus 100 plus 100 r plus 100 plus 100 equals 100 r squared plus 300 r plus 300 C.100 left parenthesis 1 plus r right parenthesis left parenthesis 1 plus r right parenthesis plus 100 left parenthesis 1 plus r squared right parenthesis plus 100 equals 100 r squared plus 300 r plus 100 plus 100 r plus 100 plus 100 equals 100 r squared plus 300 r plus 300 100 left parenthesis 1 plus r right parenthesis left parenthesis 1 plus r right parenthesis plus 100 left parenthesis 1 plus r squared right parenthesis plus 100 equals 100 r squared plus 300 r plus 100 plus 100 r plus 100 plus 100 equals 100 r squared plus 300 r plus 300
Solution
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Math Problem Analysis
Mathematical Concepts
Compound Interest
Quadratic Equations
Algebra
Formulas
Compound interest formula for deposits: A = P(1 + r)^n
Quadratic expression: ax^2 + bx + c
Theorems
Basic compound interest theorem
Quadratic equation expansion
Suitable Grade Level
Grades 10-12
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