You invest $5000 into an account earning 4% interest compounded quarterly. Write an
1 answer:
Answer:
A (in $USD) = 5,000(1 + .04/4)^4(8)
A = 5000(1 + 0.01)^32
A = 5000(1.01)^32
A = 5000(1.37494068)
A ≈ 6874.7034
<u>A = $6875 or $6875.7 (depending on rounding requirement)</u>
Step-by-step explanation:
Compound Interest Formula
A = P(1+ r/n)^n(t)
- A is the amount in the account after t years
- P is the principal (original amount invested)
- r is the annual rate, expressed as a decimal
- n the number of times the interest is calculated a year*
- t is the number of years
*If the interest is compounded monthly n = 12, if quarterly n = 4, if daily n = 365.
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Answer:
Option D is the right option.
Explanation:
Observe from the graph that the value of X starts at X=0 and the graph is going to the right infinitely.
So the domain of the function should be:
Hope this helps...
Good luck on your assignment..
9514 1404 393
Answer:
- parallel: y = 4x -6
- perpendicular: y = -1/4x +27/4
Step-by-step explanation:
If we want the new line to be written in slope-intercept form, we need to find the new value of the y-intercept. The equation of the line is ...
y = mx +b . . . . . . . for slope m and y-intercept b
Solving for b gives ...
b = y -mx . . . . . . . subtract mx from both sides.
The values of x and y come from the point we want the line to pass through. The value of m will be the same for the parallel line as for the given line: 4. For the perpendicular line, it will be the opposite reciprocal of this: -1/4.
<u>Parallel line</u>
b = 6 -4(3) = 6 -12 = -6
y = 4x -6
Perpendicular line
b = 6 -(-1/4)(3) = 6 +3/4 = 27/4
y = -1/4x +27/4
