First we need slope
Put D co-ordinates on y=mx+b
Now
slope intercept form.
Answer:
$10
Step-by-step explanation:
Since 6 cost four dollars 3 would cost 2 dollars multiply 3 to get 15 bananas and 2 to get $10
Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
Given:
Principal = 200
interest rate = 4% per annum
term = 1 year
Simple Interest = Principal * interest rate * term
S.I. = 200 * 4% * 1
S.I = 8
Simple interest earned is $8.
