Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above and solve for P
Answer:
(2,1)
Step by step explanation:
Please find the attachment.
We have been given that line is horizontal and passes through point (1,1). Line
is vertical and passes through point (2,2). We are asked to find point of intersection of line
and line
.
Line is a horizontal line so y-coordinate will be 1 for any value of x. Line
is a vertical line, so x-coordinate will be 2 for any value of y.
Therefore, intersection point of both lines will include x-coordinate of line and y-coordinate of line
that is (2,1).
