P= principal (initial deposit) ($7000)
i= interest (5%)
t= # of years (3)
Total amount = P (1 + i)^t
T= $7000(1 + 5%)^3
T= 7000(1.05)^3
multiply exponents before regular multiplication
T= 7000(1.157625)
Total= $8,103.38 after 3 years
Hope this helps! :)
Answer:
The equation would be Y= -7/2x + 7
Step-by-step explanation:
With the points given (0,7) and (2,0) we find our slope which is: -7/2. We know that our change in the y values is -7 and the change in our x values is +2. Y IS ALWAYS OVER X SO WE GET -7/2.
To find our y intercept you just look at the graph of where there's a point on the y line. For example (0,7) the 7 would be our y intercept.
So we get Y= -7/2x +7
The slope is ALWAYS put next to the variable x.
Hope this helps! :)
(Side Note: You look at the graph from left to right, so our first point would be (0,7)!)
Answer:
8%
Step-by-step explanation:
You multiply 4 times .08 which =32, so 8% of 4.00 =32 cents.
