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3 years ago

Find the equation of this line... please help.

Mathematics

1 answer:

Oksi-84 [34.3K]3 years ago

3 0

Count down until you reach the line the point is on and count to lines until you reach the point
In this case down 2 and right 4
So your slope is negative
And the line crosses the y-axis at 1 so you intercept is 1
-2/4x+1 would be correct but it is not simplified
-1/2x+1 is the correct answer because the equation is simplified

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$1500 is invested at a rate of 3% compounded monthly. Write a compound interest function to model this situation. Then find the

Marianna [84]

Answer:

Equation: $F=1500(1.0025)^{12t}$

The balance after 5 years is: $1742.43

Step-by-step explanation:

This is a compound growth problem . THe formula is:

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

Where

F is future amount

P is present amount

r is rate of interest, annually

n is the number of compounding per year

t is the time in years

Given:

P = 1500

r = 0.03

n = 12 (compounded monthly means 12 times a year)

The compound interest formula modelled by the variables is:

$F=1500(1+\frac{0.03}{12})^{12t}\\F=1500(1.0025)^{12t}$

Now, we want balance after 5 years, so t = 5, substituting, we get:

$F=1500(1.0025)^{12t}\\F=1500(1.0025)^{12*5}\\F=1500(1.0025)^{60}\\F=1742.43$

The balance after 5 years is: $1742.43

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mezya [45]

Answer:

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Step-by-step explanation:

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2 years ago

Read 2 more answers

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Katena32 [7]

Personally i think that if you use the pi symbol it would be more accurate because on a calculator there is an pi symbol √ which is the same it will give you an answer closer to an whole number.

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Answer:

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Step-by-step explanation:

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