cynthia invests some money in a bank which pays 5% compound interest per year. She wants it to be worth over £8000 at the end of
1 answer:
Answer:
The smallest amount is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
solve for P
Round to the nearest pound she can invest
The smallest amount is
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Answer with explanation:
To draw the graph of linear equation of the form
y-a=m (x-b)
We will first write it in slope intercept form which is of the form
It will cut x axis and y axis at , respectively.
As Euclid postulate States that, Unique equation of line can be Determined by two points,So join these two points.And Infinite number of points lie on a line.
Graph B
