The future worth (F) of the investment at present (P) with a compound interest i after n years is calculated through the equation,
F = P x (1 + i)^n
Substituting the known values,
F = ($200) x (1 + 0.07)^5 = $280.51
Thus, the future worth of the investment is approximately $280.51.
Answer:
The equation of the line with slope m = 2 and passing through the point (1, 1) will be:
Step-by-step explanation:
We know that the point-slope form of the line equation is
where
- m is the slope of the line
The formula is termed as the point-slope form of the line equation because if we know one point on a certain line and the slope of that line, then we can easily get the line equation with this formula and, hence, determine all other points on the line.
For example, if we are given the point (1, 1) and slope m = 2
Then substituting the values m = 2 and the point (1, 2)
Therefore, the equation of the line with slope m = 2 and passing through the point (1, 1) will be:
Answer:
−0.8x2+4.2x+5.49878
Step-by-step explanation:
Answer:
Step-by-step explanation:
<u>Use formula:</u>
<u>Given</u>
- P = $700
- r = 4% = 0.04
- t = 7 years
<u>Find the amount:</u>
- A = 700*e^(0.04*7) = 926.19
Answer:
196
Step-by-step explanation:
196
