Write an equation in point-slope form: (-2,-3) and (8,-8).
1 answer:
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Answer:
The total amount after five years = $7,000
Step-by-step explanation:
<u><em>Step(i):</em></u>-
Given Esther deposited $5,000 into an account
Principal amount 'P' = 5000
Given rate of interest (R) = 8%
r = R / 100 = 0.08 per year
<u><em>Step(ii):</em></u>-
The total amount after 5 years
<u><em>Final answer</em></u>:-
The total amount after five years = $7,000