After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
0.6
Step-by-step explanation:
Answer:
5n
Step-by-step explanation:
cost of one helmet = $5
let 'n' be the number of person that is n=1,2,3,4........
note that the value of n is always a natural number
therefore the expression = 5n
where 5 is the cost one helmet
n is the number of persons
Answer:
The relationship of the number of months and the total amount paid is proportional for both Hanks and Lynn.
Step-by-step explanation:
Let us divide the equation into 2 parts.
Hanks
Hank paid $2000 up front when he bought the car and he pays $200 every month. Therefore, the total amount paid (y) and the number of month (x)can be expressed as follows.
Let
x = number of month
y = total amount paid
y = 2000 + 200x
The relationship between amount paid and the number of months is proportional
Lynn
She did not paid anything upfront but she paid $275 every month. Therefore,
x = number of month
y = total amount paid
y = 275x
This relationship between amount paid and number of month is directly proportional
A dotted line is not included in the solution so there is no equal sign.
The blue area is to the right of the dotted line so the solution is >
The line crosses the x axis at -2
The answer is : x-y > -2
