Y + 6 = 5(x - 4)Write the formula for f(x) in terms of x
2 answers:
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Answer:
17.5% per annum
Step-by-step explanation:
<u>Given:</u>
Money invested = $20,000 at the age of 20 years.
Money expected to be $500,000 at the age of 40.
Time = 40 - 20 = 20 years
<em>Interest is compounded annually.</em>
<u>To find:</u>
Rate of growth = ?
<u>Solution:</u>
First of all, let us have a look at the formula for compound interest.
Where A is the amount after T years compounding at a rate of R% per annum. P is the principal amount.
Here, We are given:
P = $20,000
A = $500,000
T = 20 years
R = ?
Putting all the values in the formula:
So, the correct answer is <em>17.5% </em>per annum and compounding annually.
Answer:
Equation that represents the line passing through the point -3, -1 with a slope of 4 is
Step-by-step explanation:
Equation of line in point slope form is
-------(1)
Here
Substituting values in equation (1)