Answer:
175 per day
Step-by-step explanation:
= 100 ( 1 + 3/100 ) ^ 25
= 209.377793
= 209.4
5y= -6x+2
5y/5 =-6x/5 +2/5
y = -1.2x +0.4
the slope is -1.2 and y intercept is 0.4
Answer:
4.5732 %
Step-by-step explanation:
We have been given that Nicolas has $6,500 to deposit into an account which earns 3.25% interest compounded annually. We are asked to find amount of interest earned at the end on 8 years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.






Now we will subtract principal amount from final amount to find amount of interest as:


Therefore, Nicolas would have earned $1895.25 in interest at the end of 8 years.