A = P(1 + rt)
Where:
<span>·
</span>A = Total Accrued Amount (principal + interest)
<span>·
</span>P = Principal Amount
<span>·
</span>I = Interest Amount
<span>·
</span>r = Rate of Interest per year in decimal; r = R/100
<span>·
</span>R = Rate of Interest per year as a percent; R = r * 100
<span>·
</span>t = Time Period involved in months or years
A = 15,000(1+ 0.07(5))
A = 20,250 they acquired in total for 5 years
The yearly amount the get is 15,000 xx 0.07 = $ 1050 per
year
So in the next 25 years addition of 1050x25 = $26250 they
will get
Hey there. So first we need to know what the point slope form looks like.
It is Y-Y1=M (X-X1)
Knowing this you just plug in the given information.
M is equal to 1/6. So in this case all of the options have the correct m. Next we look at the Year value. We know Y is a positive 4. So the beginning of the equation is going to look like
Y+4=1/6 ( X-X1).
Nown plug in x. It would be a negative 5. Now your final answer would be option A. Hope the explanation helped.. :)
5/6 = x/24
6 times 4 is 24
(you have to times denominator and numerator by the same number)
5 times 4 = 20'
it would be 20/24