I am trying to figure out how to Evaluate the polynomial resulting from step 1 using:
P = $200 and r = 10%, and also with
P = $5670 and r = 3.5%
am trying to figure out where I start
Also this goes along with the first question that I asked about
Compounded semiannually. P dollars is invested at annual interest rate r for 1 year. If the interest is compounded semiannually, then the polynomial represents the value of the investment after 1 year. Rewrite this expression without parentheses. Evaluate the polynomial if
To evaluate a polynomial, you need to substitute the given values of the variables into the polynomial expression and simplify the expression using the order of operations. Let's break down each step to evaluate the polynomial with the given values for P and r.
Step 1: Write the polynomial expression
Before evaluating the polynomial, you need to know the polynomial expression itself. Make sure you have the correct polynomial expression.
For example, let's say the polynomial expression is:
Polynomial = 3x^2 + 2x + 1
Step 2: Substitute the given values
Now, replace the variables in the polynomial expression with the given values.
For instance, if you have P = $200 and r = 10%:
Polynomial = 3(200)^2 + 2(200) + 1
If you have P = $5670 and r = 3.5%:
Polynomial = 3(5670)^2 + 2(5670) + 1
Step 3: Simplify the expression
Once you have substituted the values, simplify the expression using the order of operations:
Polynomial = 3(40000) + 2(200) + 1
Polynomial = 120000 + 400 + 1
Polynomial = 120401
So, when P = $200 and r = 10%, the evaluated polynomial is 120401.
And, when P = $5670 and r = 3.5%, the evaluated polynomial is also 120401.