Find the percent of increase from 12 pencils to 18 pencils.
1 answer:
You might be interested in
Answer:
<u>y = -2x + 7</u>
Explanation:
<em><u>y = mx + b</u></em>
<em><u /></em>
<em>m = slope</em>
<em>b = y-intercept</em>
<em>y = a given y coordinate</em>
<em>x = a corresponding x coordinate</em>
<em />
First, we need to find the slope (m).
1) (4, -1)
2) (2/3)
m = slope = =
=
= -2
plug in the values to the equation <u>y = mx + b</u>
<u />
-1 = -2(4) + b
-1 = -8 + b
7 = b
now, we can substitute in m and b into the equation y = mx + b
<u><em>y = -2x + 7</em></u>
Answer:
The interest rate is 7.58%
Step-by-step explanation:
Compound continuous interest can be calculated using the formula:
A = P, where
- A is the future value of the investment, including interest
- P is the principal investment amount (the initial amount)
- r is the interest rate in decimal
- t is the time the money is invested for
∵ Angus has $3,000 he want to invest
∴ P = 3000
∵ The interest rate is compounded continuously
∵ Angus has $5,500 in 8 years
∴ A = 5500
∴ t = 8
→ Substitute them in the rule above to find r
∵ 5500 = 3000
→ Divide both sides by 3000
∴ =
→ Insert ㏑ in both sides
∵ ㏑( ) = ㏑(
)
→ Remember ㏑() = n
∴ ㏑( ) = 8r
→ Divide both sides by 8
∴ 0.07576697545 = r
→ Multiply it by 100% to change it to a percentage
∴ r = 0.07576697545 × 100%
∴ r = 7.576697545 %
→ Round it to the nearest hundredth
∴ r ≅ 7.58
∴ The interest rate is 7.58%