Answer:
$960
Step-by-step explanation:
You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.
<em>I = interest amount </em>
<em>P = principal amount </em>
<em>r = interest rate (decimal form) </em>
<em>t = time </em>
The first step is to change 3% into a decimal:
3% -> -> 0.03
Now, lets plug in the values into the equation:
Jameson will be charged $960 of interest after 4 years.
Answer:
Step-by-step explanation:
A parallel line will have the same slope as the reference line. In this case, I don't see the "given line" as promised in the question. If it does appear, and it looks like y = 5x + 3, for example, the slope is 5 and the new line will have the same slope.
<h3><u>If this slope is correct</u>, we can start the equation for the parallel line that goes through point (-3,2) by starting with:</h3><h3 /><h3>y = 5x + b</h3><h3 /><h3>We need a value of b that forces the line to go through point (-3,2). We can do that by using the given point in the equation and solving for b:</h3><h3>y = 5x + b</h3><h3>2 = 5(-3) + b</h3><h3>b = 17</h3><h3 /><h3>The parallel line to y=5x+3 is</h3><h3>y = 5x + 17</h3><h3 /><h3>See attachment.</h3><h3 /><h3 /><h3 />