Answer:
Option B
Step-by-step explanation:
I solved in the picture
Hope this helps ^-^
Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
Answer:
y = 8x+8
Step-by-step explanation:
We can solve for the function by finding the slope of the linear function using two points. Let's use (0,8) and (1,16)
Slope formula is: 
Plug in the 2 points: 
Simplify: m = 8
So now, for the equation y = mx+b, we have m which is y = 8x+b
Now we need to find b by using another point from this linear function.
We can use the point (2,24).
Plug this point into the equation y = 8x+b
- 24 = 8(2)+b
- 24 = 16 + b
- b = 8
We have now found the equation of the linear function: y = 8x+8
Answer:
9.2
Step-by-step explanation: