Answer:
454
Step-by-step explanation:
Answer:
100.7%
Step-by-step explanation:
Since the interest is compounded quarterly, and there are 4 quarters per year, that would leave us with 32 quarters total where interest is acquired. Now, we need to find the interest rate, that would be required in order to end up with 420 dollars after 32 quarters.
We can setup a formula using our period of time and the money he invested into the bank:
We can divide 340 from both sides, and simplify the right side to 21 divided by 17:
Taking the 32th root of 21/17 is equal to 1.00662, which is equal to 100.0662%. To the nearest tenth of a percent, this is equal to 100.7%.
There are several ways to do this.
I'll show you two methods.
1) Pick two points on the line and use the slope formula.
Look for two points that are easy to read. It is best if the points are on grid line intersections. For example, you can see points (-4, -1) and (0, -2) are easy to read.
Now we use the slope formula.
slope = m = (y2 - y1)/(x2 - x1)
Call one point (x1, y1), and call the other point (x2, y2).
Plug in the x1, x2, y1, y2 values in the formula and simplify the fraction.
Let's call point (-4, -1) point (x1, y1).
Then x1 = -4, and y1 = -1.
Let's call point (0, -2) point (x2, y2).
Then x2 = 0, and y2 = -2.
Plug in values into the formula:
m = (y2 - y1)/(x2 - x1) = (-2 - (-1))/(0 - (-4)) = (-2 + 1)/(0 + 4) = -1/4
The slope is -1/4
2) Pick two points on the graph and use rise over run.
The slope is equal to the rise divided by the run.
Run is how much you go up or down.
Rise is how much you go right or left.
Pick two easy to read points.
We can use the same points we used above, (-4, -1) and (-0, -2).
Start at point (0, -2).
How far up or down do you need to go to get to point (-4, -1)?
Answer: 1 unit up, or +1.
The rise is +1.
Now that we went up 1, how far do you go left or right top go to point (-4, -1)?
Answer: 4 units to the left. Going left is negative, so the run is -4.
Slope = rise/run = +1/-4 = -1/4
As you can see we got the same slope using both methods.
Answer: B - 15/40
Step-by-step explanation: You can simplify the answer from
3/8 x 5 = 15/40
Hope this helps ty if you do give brainliest. means alot.
