If ?2000 is placed into a bank account that pays 3% compound interest per year , how much will be in the account after 2 years ?
1 answer:
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Answer:
slope = 7/8
Explanation:
Slope of the line can be calculated using the following equation:
slope =
The two points given are:
(2,5) representing (x1 , y1)
(-6,-2) representing (x2 , y2)
Substitute with the points in the above equation to get the slope as follows:
slope =
= 7/8
Hope this helps :)
slope = 7/8
Explanation:
Slope of the line can be calculated using the following equation:
slope =
The two points given are:
(2,5) representing (x1 , y1)
(-6,-2) representing (x2 , y2)
Substitute with the points in the above equation to get the slope as follows:
slope =
Hope this helps :)