Answer:
Step-by-step explanation:
Given the slope and another point, simply plug them into the point-slope formula to find your y-intercept.
Now that we've found your y-intercept, we have the original equation. To find the perpendicular equation, you need the opposite reciprocal of your slope.
To find the 'opposite,' change your slope's sign. Since your slope is positive , the opposite is
.
To find the 'reciprocal,' flip your fraction. This will make your slope .
Your final equation is:
Amount owed at the end of 1 year is 3640
<h3><u>Solution:</u></h3>Given that yoko borrows $3500.
Rate of interest charged is 4% compounded each year
Need to determine amount owed at the end of 1 year.
In our case :
Borrowed Amount that is principal P = $3500
Rate of interest r = 4%
Duration = 1 year and as it is compounded yearly, number of times interest calculated in 1 year n = 1
<em><u>Formula for Amount of compounded yearly is as follows:</u></em>
Where "p" is the principal
"r" is the rate of interest
"n" is the number of years
Substituting the values in above formula we get
Hence amount owed at the end of 1 year is 3640