Angela invests 2,550 at 3% interest compounded annually. What will be the balance in the account after 1.5 years?
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When two variables are inversely proportional the relation between them can be written as:
Here, k is the constant of proportionality and is always equal to the product of the two variables. So using the given values of z and x, we can find k first.
The constant of proportionality for the given inverse proportion comes out to be 2. Using the value of k in the equation, we get:
We have to find the value of z when x=28. So replacing x by 28, we get:
Thus, rounding of to nearest thousand the value of z comes out to be 0.071 if x is equal to 28.