Answer:
Answer:
£3692
Step-by-step explanation:
A = p(1 + r/n)^nt
Where,
A = future value
P = principal = £2350
r = interest rate = 4.2% = 0.042
n = number of periods = 1(annual)
t = time = 4 years
A = p(1 + r/n)^nt
= 2350(1 + 0.042/1)^1*4
= 2350(1 + 0.042)^4
= 2350(1.042)^4
= 2350(1.5789)
= 2770.42
A = £2770.42
Total years = 10
Remaining years = 10 – 4
= 6 years
Remaining 6 years
P = £2770.42
r = 4.9% = 0.049
n = 1
t = 6
A = p(1 + r/n)^nt
= 2770.42(1 + 0.049/1)^1*6
= 2770.42(1 + 0.049)^6
= 2770.42(1.049)^6
= 2770.42(1.3325)
= 3691.59
A = £3691.59
Approximately £3692
Thank you!
Okie doke. So, we are rounding this number to the nearest thousandths place, which is three digits behind the decimal. The rules for rounding are if the number is 5 or more in the digit behind it, the number goes up. If it is 4 or less, the number goes back. In other words, we depend on the digit right of the digit we are rounding to in order to see what we do. The number we are rounding is 1.49882. The 8 is in the thousandths place and the 8 is to the right of that, which is the ten thousandths place. Because 8 is greater than 5, the number rounds up. So the number rounded to the nearest thousandth is 1.500.
Since he lost 5 every month, it should be that the slope is -5, not 5, he is not gaining 5 every month
yint is 100 and slope is -5 would be correct
b=-5m+100
b=number of blocks he has after m months
