Answer:
The answer is
<h2>Step-by-step explanation:
To find an equation of a line in point slope form when given the slope and a point we use the formula
where
m is the slope
( x1 , y1) is the point
From the question the point is (-5,-2) and the slope is - 6/5
The equation of the line is
We have the final answer as
Hope this helps you
Answer:
We conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.
Step-by-step explanation:
Given
Principle P = $2500
Interest rate r = 5% = 0.05
Time period t = 8 years
To determine
Accrue Amount A = ?
Using the compound interest equation
where:
A represents the Accrue Amount
P represents the Principal Amount
r represents the interest rate
t represents the time period in years
n represents the number of compounding periods per unit t
Important tip:
now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation
∵
$
Therefore, we conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.