Answer:
Step-by-step explanation:
The formula of a slope:
(x₁, y₁), (x₂, y₂) - points on a line
We have the points
(6, 5) → x₁ = 6, y₁ = 5
(-6, 9) → x₂ = -6, y₂ = 9
Substitute:
Answer: 237,500 total decrease
Yes
Answer: It will take 8 years.
Equation for interest compounded continuously:
, A = accumulated amount , P=Principal value , r =rate of interest , t= time.
Given: P= $8,310 , r = 2% , A= $9,751.88
Taking natural log on both sides
Hence, it will take 8 years.