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.
Answer:
7
Step-by-step explanation:
Answer:
3cm³:20cm³
Step-by-step explanation:
5 * 6 * 20 = 600cm³
4 * 9 * 5 = 180 / 2= 90cm³
90:600
9:60
3:20
Answer:
The y-intercept of the function is: b=10
Step-by-step explanation:
Given the table
x y
1 8
2 6
3 4
4 2
Taking any two points to find the slope
The slope between (1, 8) and (2, 6) is:
We know that the slope-intercept form of the line equation is
where m is the slope and b is the y-intercept.
Substituting m=-2 and any point i.e. (1, 8) in the slope-intercept form of the line equation to find the y-intercept (b).
8 = -2(1) + b
8 = -2 + b
b = 8+2
b = 10
Thus, the y-intercept of the function is: b=10
Answer:
See below
Step-by-step explanation:
linear equation: y=2x+10
x=cost per movie rented
10=$10 for the membership
24=2x+10 (24 being total you want to spend)
subtract 10 from each side
14=2x
divide by 2
7=x
He can rent no more than 7 movies if he want to spend $24 or less in the month
