You invest $1,000,000 in an account paying 12% compounded continuously, how much will you have in the account after 4 years?
2 answers:
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Answer:
Step-by-step explanation:
let x = 0.616161 (etc.)
make a second equation because you multiply by 100:
100x = 61.616161 (etc.)
subtract from each other
100x = 61.616161
x = 0.616161
you get
99x = 61
solve for x
Answer:
y = 2x - 1
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
Calculate m using the slope formula
m =
with (x₁, y₁ ) = A(4, 7) and (x₂, y₂ ) = B(2,3)
m = =
= 2 , thus
y = 2x + c ← is the partial equation
To find c substitute either of the 2 points into the partial equation
Using (2, 3), then
3 = 4 + c ⇒ c = 3 - 4 = - 1
y = 2x - 1 ← equation of line