How to slove and the answer
1 answer:
You might be interested in
The straight line joining the points A(3,-5) and B(6,k) has a gradient of 4.
Gradient is the slope
So the slope of the line joining the points A(3,-5) and B(6,k) is 4
Slope of line joining two points =
A(3,-5) and B(6,k) are (x1,y1) and (x2,y2)
slope =
slope =
We know slope =4
Cross multiply and solve for k
k + 5 = 12
k = 7
The value of k = 7
Answer:
The principal amount was $23,393.45
Step-by-step explanation:
The total amount paid on a 35 year loan was $98,000 at the rate of interest 4.1%
We will calculate Principal amount by this formula
Where A = amount (98,000)
P = Principal amount (P)
r = rate of interest 4.1% (0.041)
n = number of compounding interest monthly (12)
t = time (35 years)
98,000 = P(4.189386)
= 4.189386P = 98,000
P =
P = 23,392.4494 ≈ $23,392.45
The principal amount was $23,393.45