Answer:
After 9 years the account will be worth 13709.60$
Step-by-step explanation:
We are given the following in the question:
We are given the following in the question:
P = $8000
r = 6% = 0.046
n = 12
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years.
Putting the values, we get,
Thus, after 9 years the account will be worth 13709.60$
Answer:
B (0, 285 ) , C (380, 0 )
Step-by-step explanation:
the first step is to obtain the equation of the line in slope- intercept form
y = mx + c ( m is the slope and c the y- intercept )
calculate m using the slope formula
m =
with (x₁, y₁ ) = A(- 260, 480 ) and (x₂, y₂ ) = D (620, - 180 )
m = =
=
= -
= - 0.75 , then
y = - 0.75x + c ← is the partial equation
to find c substitute either of the 2 points into the partial equatio
using (620, - 180 ) , then
- 180 = - 465 + c ⇒ c = - 180 + 465 = 285
So y- intercept is B (0, 285 )
y = - 0.75x + 285 ← equation of line
to find the x- intercept , let y = 0 in the equation and solve for x
0 = - 0.75 + 285 ( subtract 285 from both sides )
- 285 = - 0.75x ( divide both sides by - 0.75 )
380 = x
x- intercept is C (380, 0 )