2 years ago

What’s the correct answer for this question?

Mathematics

1 answer:

____ [38]2 years ago

3 0

Answer:

Step-by-step explanation:

Slope Formula is used from 2-5

Which is

Slope Formula = Rise/Run

Slope Formula = y₂-y₁/x₂-x₁

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Answer: $107,836.69 or about $107,837 (to the nearest dollar)

Step-by-step explanation:

Formula to the accumulated amount received after investing principal amount (P) at rate of interest (r) compounded monthly for t months :

$A=P(1+\dfrac{r}{12})^{t}$

As per given , A = $130,000

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t= 30 months

Now,

$130000=P(1+\dfrac{0.075}{12})^{30}\\\\\Rightarrow 130000=P(1+0.00625)^{30}\\\\\Rightarrow 130000=P(1.00625)^{30}\\\\\Rightarrow 130000=P \times1.20552661036\\\\\Rightarrow\ P=\dfrac{130000}{1.2055266}=107,836.69$

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