Plz help me answer this
1 answer:
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wheee
Compute each option
option A: simple interest
simple interest is easy
A=I+P
A=Final amount
I=interest
P=principal (amount initially put in)
and I=PRT
P=principal
R=rate in decimal
T=time in years
so given
P=15000
R=3.2% or 0.032 in deecimal form
T=10
A=I+P
A=PRT+P
A=(15000)(0.032)(10)+15000
A=4800+15000
A=19800
Simple interst pays $19,800 in 10 years
Option B: compound interest
for interest compounded yearly, the formula is
where A=final amount
P=principal
r=rate in decimal form
t=time in years
given
P=15000
r=4.1% or 0.041
t=10
use your calculator
A=22418.0872024
so after 10 years, she will have $22,418.09 in the compounded interest account
in 10 years, the investment in the simple interest account will be worth $19,800 and the investment in the compounded interest account will be worth$22,418.09
Answer:
see the explanation
Step-by-step explanation:
we have
This is the equation of a line in point slope form
where
the point is (-2,4)
the slope is m=1/3
Remember that the formula of slope is "rise over run", where the "rise" (means change in y, up or down) and the "run" (means change in x, left or right)
so
To graph the line
1. Plot the point (–2,4).
2. From that point, count left 3 units and down 1 unit and plot a second point.
3. Draw a line through the two points