Answer:
$2479.02
Step-by-step explanation:
The invested amount is $2000 at a rate of 2.4% which compounds semiannually.
Therefore, the semiannual interest rate is
%.
Then the principal is compounded (9 × 2) = 18 times within a period of 9 years.
If there is no withdrawal from the account, then after 9 years the sum will become
dollars {Rounded to the nearest cent} (Answer)
Answer:
Step-by-step explanation:
y = 0.2x + 17......the slope is 0.2 (or 1/5)....in y = mx + b form, the slope can be found in the m position
(x,18).....y = 18 (25,y).....x = 25
y = 0.2x + 17 y = 0.2x + 17
18 = 0.2x + 17 y = 0.2(25) + 17
18 - 17 = 0.2x y = 5 + 17
1 = 0.2x y = 22..........(25,22)
1 / 0.2 = x
5 = x.................(5,18)