Answer:
Step-by-step explanation:
Here, x represents the number of year and y represents the amount after x years,
Given,
The initial amount, P = $ 360,
The compound rate of interest per year, r = 3 %,
Thus, the amount after x years would be,
Which is the required equation.
Fraction: 89/250
Percentage:35.6%
Explanation:
x + 3y = 2
<u>Converting it to slope intercept form</u>:
y = mx + b [where m is slope, b is y-intercept]
<u>Make y the subject</u>:
<u>which reveals slope</u>:
8.28
You have to do 1.38 times 2 and then times 3