Calculate the interest in a year
Multiply the annual percentage of interest by the investment to find the interest.
interest in a year = 2% × 1,000
interest in a year = 0.02 × 1,000
interest in a year = 20
The annual interest is $20
Calculate the interest after 10 years
Multiply the annual interest by 10
interest 10 years = 20 × 10
interest 10 years = 200
The sum of interest after 10 years is $200
Find total investment
investment = first investment + interest in 10 years
investment = 1,000 + 200
investment = 1,200
The investment will be worth $1,200 in 10 years
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Answer:
.14
Step-by-step explanation:
Answer: y = -35x + 105
Step-by-step explanation:
The graph represents a function that is between hours and miles and to determine the equation which belong to this graph, we need to find the slope first by using two points from the graph which are (0, 105) and (3, 0).
The definition of slope is
m = (y2 - y1)/(x2 - x1)
= (0-105)/3-0
= -105/3
= -35
The slope is -35 and remember that the slope is the coefficient of the variable x. Therefore, the answer is:
y = -35x + 105