The amount of money the person would have in 8 years s $2541.74.
<h3>How much would the person have in 8 years? </h3>
The formula for calculating future value is:
FV = P (1 + r)^nm]
Where:
FV = Future value
- P = Present value = $2000
- R = interest rate = 3% / 12 = 0.25%
- m = number of compounding = 12
- N = number of years = 8 years
Value of the account in 8 years with monthly compounding = $2000(1.0025)^(12 x 8) = $2541.74
To learn more about future value, please check: brainly.com/question/18760477
If 12.6 was rounded, that means that it was rounded to the tenths place.
You know this because the number has one decimal place, so that must be what it was rounded to.
Answer:
y = 1/3x - 3
Step-by-step explanation:
We can find the equation of the line, by finding the slope and combine with our y-intercept (-3).
We need to use the slope formula to find the slope.
Thus, we have (-3 - (-2)) / 0 - 3 = -1/-3 = 1/3
So our equation is y = -1/3x - 3
Answer:
see below
Step-by-step explanation:
This is not a linear function because it does not pass the vertical line test
A vertical line is not a function, it is a relation.
