The amount he needs to pay is $ 28753.61.
Step-by-step explanation:
Given,
Principal (P) = $ 8000
Time (T) = 10 years
Rate of interest (R) = 13%
The payment will be quarterly so, n = 4
To find the amount of compound interest.
Formula
Amount =
Now,
Putting the values of P, T, n and R we get,
Amount = 8000(
= 28753.61 (approx)
ANSWER: y= 3x - 6
STEP-BY-STEP EXPLANATION:
(1,-3) and (3,3)
X1=1 X2=3
Y1= - 3 Y2=3
1) Find the slope of the line.
To find the slope of the line passing through these two points we need to use the slope formula:
m =
m= m=
= 3
2)Use the slope to find the y-intercept.
Now that we know the slope of the line is 3 we can plug the slope into the equation and we get:
y= 3x+b
Next choose one of the two point to plug in for the values of x and y. It does not matter which one of the two points you choose because you should get the same answer in either case. I generally just choose the first point listed so I don’t have to worry about which one I should choose.
y= 3x+b point (1,-3)
-3= 3(1) + b
-3-3=b
-6=b
3)Write the answer.
Using the slope of 3 and the y-intercept of -6 the answer is:
y = 3x - 6