$2835.56 is the closest amount to the balance of the account at the
end of 2 years
Step-by-step explanation:
The formula for compound interest, including principal sum is
where:
- A is the future value of the investment/loan, including interest
- P is the principal investment amount (the initial deposit or loan amount)
- r is the annual interest rate (decimal)
- n is the number of times that interest is compounded per unit t
- t is the time the money is invested or borrowed for
Mr. Wilkins deposited $2,500 in a new account at his bank.
The bank pays 6.5% interest compounded annually on this account.
Mr. Wilkins makes no additional deposits or withdrawals
We need to find the closest amount to the balance of the account at
the end of 2 years
∵ P = $2,500
∵ r = 6.5% = (6.5/100) = 0.065
∵ n = 1 ⇒ compounded annually
∵ t = 2
Substitute all of these value in the formula above to find A
∵
∴
∴ A = $2835.56
$2835.56 is the closest amount to the balance of the account at the
end of 2 years
Learn more:
You can learn more about interest in brainly.com/question/11149751
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As a disclaimer, I can't say I'm completely confident in this answer. Use at own risk.
Formulas:
Year 1: 328,000 (sales) - 117,000 (expense) = 211,000 (profit)
Year 2: 565,000 (sales) - x (expense) = y (profit)
Net Profit: 211,000 + y = 113,000
Math
211,000 (profit y1) + 565,000 (sales y2) = 776,000
776,000 - 113,000 (net profit) = -663,000 (expenses)
Confirm:
Net Profit: 211,000 + y = 113,000 (listed in formulas, just a reminder)
Plug in: 565,000 (y2 sales) - 663,000 (our solution) = -98,000
211,000 (y1 net) + -98,000 (our plug in) = 113,000 (2 year net profit given to us)
Answer:
y=2
x=-1
Step-by-step explanation:
2x-4y=-10
-2x-y=0
Add Together and get:
-5y=-10
y=2
put the 2 in for y in either equation to solve for x
2x-4(2)=-10
2x-8=-10
2x=-2
x=-1
M = -4/3 (slope stays the same)
so y= -4/3x + b
b = y intercept
without a point on the line I can’t figure out what exact line you were looking for but that equation with any value as b will give you a line parallel to the original.
700
600
when two hours have passed sinces
600+ 50x=y
600+50(2)=700