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2 years ago

11

You want to put some money in a simple interest account. It pays 8% interest annually for 2 years. You would like to earn $500 i

n interest. How much money do you need to put in?

1 answer:

lubasha [3.4K]2 years ago

6 0

<span>500=P*0.08*2
500/0.16=P
P=3125</span>

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Step-by-step explanation:

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tatyana61 [14]

Answer:

The answer is

<h2> $y = - \frac{6}{5} x - 8 \\$ </h2>

Step-by-step explanation:

To find an equation of a line in point slope form when given the slope and a point we use the formula

$y - y_1 = m(x - x_1) \\$

where

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From the question the point is (-5,-2) and the slope is - 6/5

The equation of the line is

$y + 2 = - \frac{6}{5} (x + 5) \\ y + 2 = - \frac{6}{5} x - 6 \\ y = - \frac{6}{5} x - 6 - 2$

We have the final answer as

$y = - \frac{6}{5} x - 8 \\$

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