Leo is planning a trip with his friends by renting a bus. He found that the bus cost $75.50 for 5 people if he is planning to go
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Hello!
This equation is written in Point-Slope Form (y-y₁=m(x-x₁)
Where
y₁=y-coordinate of the point
m=slope
x₁=x-coordinate of the point
In this case, the slope is
Hope everything is clear.
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Answer: He will have $1721.28. after 4 years.
Step-by-step explanation:
The formula we use to find the compounded amount A is :
, where P= principal value, r = rate of interest , t= time.
As per given , we have
P=$1500 , r=3.5%=0.035 , t= 4 years
Money he will have after 4 years =
Hence, he will have $1721.28. after 4 years.