Given:
The equation of line is
To find:
The x and y-intercept of the given line.
Solution:
We have,
Putting x=0, we get
Add 6 on both sides.
Divide both sides by 4.
So, the y-intercept is .
Putting y=0 in given equation, we get
Add 5 on both sides.
Divide both sides by 7.
So, the x-intercept is .
Answer:
P = $300
r = 0.15
n = 12
$544.61 (to the nearest cent)
$524.70 (to the nearest cent)
Step-by-step explanation:
P = principal amount = $300
r = annual interest rate in decimal form = 15% = 15/100 = 0.15
n = number of times interest is compounded per unit t = 12
<u>How much she'll owe in 4 years</u>
P = 300
r = 0.15
n = 12
t = 4
= $544.61 (to the nearest cent)
<u>Yearly compounding interest rate</u>
<u>How much she'll owe in 4 years at yearly compounding interest</u>
= $524.70 (to the nearest cent)