Three times the difference of eight and twice a number is five times the number.
1 answer:
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Answer:
APY = 0.04 or 4%
Step-by-step explanation:
Given the annual percentage rate of 3.5% that is compounded quarterly, and a principal of $6,500:
We can use the following formula to solve for the annual percentage yield (APY):
where <em>r</em> = interest rate = 3.5% or 0.035
<em> n</em> = number of compounding periods per year = 4
We can plug in the values into the equation:
APY = 1.03546 - 1
APY = 0.04 or 4%
Most of the graphing resources used shows that the graph is translated up by 3.25 (3 + 1/4). If you add the 3 and the 1/4, you get the equation of a line:
f(x) = x + 3.25,
which means that the graph of f(x)= x now has a y intercept of 3.25.
The graphs are below. The red line represents f(x) = x, and the green line represents (x+3)+1/4. Hope this helps!
