3 years ago

PLEASE HELP!!!! asap

Mathematics

1 answer:

Talja [164]3 years ago

6 0

Answer:

Step-by-step explanation:

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2 years ago

Nazerhy deposits $8,000 in a certificate of deposit. The annual interest rate is 6%, and the interest will be compounded monthly

Likurg_2 [28]

Answer:

$A=\$14,555.17$

Step-by-step explanation:

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

in this problem we have

$t=10\ years\\ P=\$8,000\\ r=6\%=6/100=0.06\\n=12$

substitute in the formula above

$A=8,000(1+\frac{0.06}{12})^{12*10}$

$A=8,000(1.005)^{120}$

$A=\$14,555.17$

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3 years ago

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zaharov [31]

First, you know that the slope will be the same (3/2).
Plug in the points 0 for x and 7 for y in order to find b.
7=3/2*0+b
b=7
Then put the new slope and y-intercept into the equation:
y=3/2x+7

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Answer:

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