CR –> is the name of the ray
Okay, let me explain:
Take 6% of 3000 and add it to 3000. So basically turn the 6% into a decimal which would be 0.06, and multiply the 3000 by it. So, 3000 x 0.06 which equals 3,180. I hope this time it helped :) message me if you need further instructions.
Y = 2x-3
The second line will have its Y-Intercept at -3 and its slope will be up 2 and over 1 which will allow it to go through (4,5) and the line will be parallel to Y = 2x+2
Answer:
$5599.20
Step-by-step explanation:
The quarterly interest rate for the first two years was ...
7%/4 = 0.0175
So, the multiplier each quarter for those 8 quarters was 1+0.0175 = 1.0175. At the end of the first 8 quarters, the account value had been multiplied by ...
1.0175^8
For the next 8 quarters, the quarterly interest rate was 10%/4 = 0.025. So at the end of those 8 quarters, the balance had been multiplied by ...
1.025^8
Then the balance at the end of 4 years was ...
$4000(1.0175^8)(1.025^8) ≈ $5599.20
The balance was $5599.20.
