A taxi service charges an initial $5 fee, plus $2 per mile driven. A Write an equation to represent the situation. B. How much i
2 answers:
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Answer:
slope = 2
Step-by-step explanation:
Calculate the slope m using the slope formula
m =
with (x₁, y₁ ) = (2, 3) and (x₂, y₂ ) = (4, 7)
m = =
= 2
The final amount of the compound interest after 6 years would be $ 294, 122, 500
<h3>How to determine the final amount</h3>
The formula for the final amount is given as;
Where
A = final amount
P = principal interest
r = interest rate
n = number of times
t = time of periods
We have,
A =
A =
A = ×
A =$
Thus, the final amount of the compound interest after 6 years would be $ 294, 122, 500
Learn more about compound interest here:
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