What’s the slope of -1,-10 and -1,-2
1 answer:
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Given Information:
Principle amount = P = $6,000
Interest rate = r = 4% = 0.04
Period in years = t = 5
Required Information:
How much interest will he earn in 5 years = ?
Answer:
Amount of interest = $1,299.92
Step-by-step explanation:
Using the formula given in the question,
Where B is the final amount, P is the initial amount, r is the interest rate and t is the number of years
The amount of interest earned is
Therefore, Quincy has earned $1,299.92 in terms of interest by investing $6,000 in a savings account at the rate of 4% annual interest for a period of 5 years.
Here’s the answer and each step I took to solve it. With the example I made on the side just continue to repeat that for each one to get the answers. You just replace that one number for the X to take the place for the next X value as you go down the table solving them.
It wouldn't let me post the answer. See images for the answer and explanation
