Answer:
$154,763.5
Step-by-step explanation:
A = P(1 + r/n)^nt
Where,
A = future value
P = present value
r = interest rate
n = number of periods
t = time (years)
P = 97,000
r = 6% = 0.06
n = 365
t = 8 years
A = P(1 + r/n)^nt
= 97,000(1 + 0.06/365)^365*8
= 97,000(1 + 0.00016)^2,920
= 97,000(1.00016)^2,920
= 97,000(1.5955)
= 154,763.5
A = $154,763.5
Given y = 3x + 6, we find the x-intercept by setting y = 0 and solving the resulting equation for x: 0 = 3x + 6, or 3x = -6, or x = -2. The x - intercept is (-2,0).
Find the y-intercept by setting x = 0: y = 3(0) + 6 = 6. The y-int. is (0,6).
