Use the compound interest formula.
Let A = the ending amount
Let P = the principal
Let r = the interest rate
Let n = the amount compounded a year
Let t = time
A = P(1 + r/n) ^(n/t)
Substitute your numbers in
A = $7,000(1 + 0.06/4)^(4/7)
Solve for A
A = $7,059.81
It is 3.9 I hope this will help you
Answer:
y=(8/9)x + 4 and 2/3
Step-by-step explanation:
the slope of this line:
change in y/change in x
change in y=6-(-2)=8
change in x=-6-3=-9
change in y/change in x= 8/9
8/9 is the slope, so you plug it in for m in the standard form equation. You then use one point's x and y values to substitute for x and y in the equation, and solve for b, which is the y intercept
y=mx+b
y=(8/9)x+b
-2=(8/9)*3+b
-2=8/3+b
-4 and 2/3=b
Answer: 1/7
Step-by-step explanation:
7x=1
x=1/7
