The answer is $1,026.
Solving: Use Simple interest formula, I=Prt.
Make the rate into a decimal (1.6% -> 0.016)
plug in the numbers into the formula. 950 x 0.016 x 5 = 76$.
76$ will be our interest, now to find the balance we would have to add the the starting money (950) with our interest (76$), resulting in our answer of $1,026 after 5 years.
Answer:
y=3x-4
Step-by-step explanation:
Slope intercept form is :
y=mx+b
where m is the slope, and b is the y intercept.
We are given the slope, it is 3. we are also given the y intercept, it is (0,-4). For this form, the 0 in (0,-4) is ignored, and we consider the y intercept to be -4.
So, m is 3, and b is -4. Substitute the values into the equation
y=3x+ -4
y=3x-4
So, the equation in slope intercept form is
y=3x-4
You plug in the values so it would be 24=15k. Divide by 15 on both sides so k=24/15=1.6. :)