Here’s the equation: 3000+0.03(3000)
But because it is 8 years:
3000+0.24(3000)
We can make it simpler:
1.24(3000)
3720
Your balance will be $3720
OK for this question you need to find out how many more post are needed. If you look at the diagram it shows that one side is 50 feet. Now there are two sides that will need post, because the barn side need no more. Now if there are two side both 50 feet, and you need a post every ten feet. How many posts are needed?
The answer is:
y = 3x - 8
Find b by plugging in the point (x,y) which is (3,1).
1= 3(3)+b
1= 9 + b
-8 = b