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1 answer:
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Answer:
y = 4x - 19
Step-by-step explanation:
The line is parallel to the line whose equation is;
y = 4x + 1
Parallel lines have the same slope so the slope of our line is 4.
The line passes through point (5,1)
Slope = change in y ÷ change in x
Taking another point (x,y) on the line,
Slope = = 4
y - 1 = 4x - 20
y = 4x - 19
Given:
The principal = $ 4000
The rate of interest = 22 %
To find the loan amount a) after 1 year and b) after 3 years.
Formula
Loan amount is
where,
A be the loan amount
P be the principal
r be the rate of interest and
t be the time.
Now,
a) Taking, P = 4000, r = 22, t = 1 we get,
or,
Again,
b) Taking, P = 4000, r = 22 and t = 4 w eget,
Hence,
a) The amount of loan after 1 year is $ 4880
and b) The amount of loan after 4 year is $ 7263.39.