Answer:
Step-by-step explanation:
The given equation is
The slope of this line
Since all parallel lines have the same slope, the slope of our line is also m=1.
We now use the point-slope formula
Since the line passes through (-1,-1)
We gave
We substitute the slope and point to get
Answer:
$3628.24
Step-by-step explanation:
we use the formula for accrued value (A) with compounded interest:
where A= accrued value (principal plus the accumulated interest)
P = principal -> in our case $6000
r = annual interest rate (in decimal form) -> in our case 0.06
n = number of compoundings per year. In our case 2 (semiannually)
t = time in years -> in our case 8
Since this is the value of principal plus accumulated interest, we subtract from it the principal ($6000) to get the value of just the interest:
$9628.24 - $6000 = $3628.24