Answer:
im not sure because im not good at these question but ill let you know when i figure it o
Answer:
£6911 is the smallest amount Cynthia should invest to get £8000 after three years
Step-by-step explanation:
lets Assume that amount needs to invested for three years = £ x Rate of Interest = R = 5% per year Duration in years = n = 3 year
Amount expected after three years when compounded annually = A = £8000 Formula for Amount of compound interest annually is a follows A = P( 1 + R/100)^n In our case Principal P = x , Amount A = 8000 , R = 5% and n = 3( since compounded annually). On substituting these values in above formula we get 8000 = x ( 1 + 5/100)^3 ⇒8000 = x ( 105/100)^3 ⇒8000 = x ( 21/20 )^3 ⇒(8000 × 20 × 20 × 20)/(21×21×21) = x ⇒x = 6910.70≈6911
Hence £6911 is the smallest amount Cynthia should invest to get £8000 after three years
Y = 3x + 1
slope: (y2-y1)/(x2-x1) = (4-1)/(2-1) = 3/1 = 3
point slope form:
y-y1 = m (x-x1)
y-1 = 3 (x-0)
y-1 = 3x
y = 3x + 1
