The equation for annual interest is A = P(1 + r)^t. We can plug in the known information and get A = 16,000(1 + (0.06))^3.5. Next, we can simplify this equation to A = 16,000(1.06)^3.5. Finally, we raise 1.06 to the power of 3.5 and multiply that by 16,000 and get an answer of $19,619.62.
Hope this helps!
Answer:
Lines y = -x+4 and y= 3x+3 intersect the y-axis
2.8y + 6 + 0.2y = 5y - 14
(Simplify like terms in first half of equation)
3y + 6 = 5y - 14
(Subtract both sides by 3y)
6 = 2y - 14
(Flip)
2y - 14 = 6
(Add both sides by 14)
2y = 20
(Divide both sides by 2)
y=10
Answer:
12.375 is believed to be the correct answer
