Tina wants to save money for school. Tina invests $700 in an account that pays an interest rate of 4%. How many years will it ta
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Given:
Rate of simple interest = 5%
Time = 4 years
Total interest = $160
To find:
The amount borrowed by Austin from a credit union.
Solution:
The formula for simple interest is:
Where, P is principal, r is the rate of interest and t is the number of years.
Putting in the above formula, we get
Multiply both sides by 5.
Therefore, Austin borrowed $800 from a credit union for 4 years.
Answer:
Step-by-step explanation:
We were given the slope formula;
This line is vertical if the denominator is zero.
That is when
This implies that;
Justification;
When , then, the line passes through;
and
The slope now become
The equation of the line is
This implies that;
... This is the equation of a vertical line.