Answer: The amount is $14794.39 and the interest is $9794.39
Step-by-step explanation: If you deposit <em><u>$5000</u></em><u> </u>into an account paying <em><u>7.5%</u></em> annual interest compounded yearly , how much money will be in the account after <em><u>15 years</u></em>?
To find amount we use formula:
A-P(1+r/n) n*t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
P=$5000, r=7.5, n=1 and, t=15 years
After plugging the given information we have
A= $5000 (1+0.075/1)^1.15
A= 5000 *1.075^15
A=14794.39
To find interest we use formula A=P+I'
since A= 14794.39 and P=5000
we have: A=P+I 14794.39=5000+I
I= 14794.39 -5000
I=9794.39
The rate of change of the linear function represented by the table is 3
<h3>Rate of change of a function</h3>
The rate of change of a function is also known as the slope of a function. The equation for calculating the slope is expressed as:
Slope = y2-y1/x2-x1
using the coordinates from the table (-2, -13) and (-1, -10)
Substitute
Slope = -10-(-13)/-1-(-2)
Slope = -10+13/-1+2
Slope =3
Hence the rate of change of the linear function represented by the table is 3
Learn more on rate of change here: brainly.com/question/25184007
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If you are paid bi-weekly, you will receive 26 checks a year.
$3,985x26=$103,610
Ethan Doran’s annual salary is $103,610.
