Answer: After 1 year: $5,610
After 2 years: $5,722.20
Step-by-step explanation: Use the formula for periodic compounding interest, which is
A = P(1 + r/n)^(nt), where A is the final amount, P is the initial deposit, r is the interest rate as a decimal, n is the number of times the interest is compounded per year, and t is how many years.
Here, P = 5,500, r = 0.02 (that's 2% as a decimal), n = 1,
t = 1 for the first answer, t = 2 for the second answer (1 year, then for 2 years)
Plug the known values in to solve...
For 1 year...
A = 5,500(1 + 0.02/1)^(1*1)
A = 5,500(1.02)^1
A = 5,610
For 2 years...
A = 5,500(1 + 0.02/1)^(1*2)
A = 5,500(1.02)²
A = 5,722.20
Parallel lines have the same slope. The equation of the parallel line is therefore:
y = x + b
Plug in the values you are given to find b:
2 = -3 + b
b = 5
Answer:
(3-2h)^3 + (3-2h)^4 = (3-2h^2)^3 (1 + (3-2h^2))
First you have to find the slope with the equation y2 - y1 / x2 - x1 , then once you have found the slope (slope = -2) you simply plug it into the point slope formula. y-0 = -2(x-5) solving it algebraically you should arrive at Y=-2x+10. (the 5 and 0 were plugged in are two of the X and Y points of the line which is why we plugged them into the X and Y values of the equation)
