Choose the function whose graph is given by:
1 answer:
You might be interested in
Answer:
The total amount due after five years is $57,000.
Step-by-step explanation:
Recall that simple interest is given by the formula:
Where <em>A</em> is the final amount, <em>P</em> is the principal amount, <em>r</em> is the rate, and <em>t</em> is the time (in years).
Since we are investing a principal amount of $38,000 at a rate of 10.0% for five years, <em>P</em> = 38000, <em>r</em> = 0.1, and <em>t</em> = 5. Substitute:
Evaluate. Hence:
The total amount due after five years is $57,000.
is the equation best represents the line.
Solution:
Take any two points on the line.
Let the points be (0, –4) and (4, 7).
General form of equation of a line is y = mx + c
where m is the slope and c is the y-intercept of the line.
<em>y-intercept is the point which line crosses at y-axis.</em>
In the given line, y-intercept is 4.
c = 4
Slope of the line:
Equation of the line:
y = mx + c
Hence is the equation best represents the line.