The value after 20 years is $ 723.514
<em><u>Solution:</u></em>
<em><u>Formula for Amount compounded annually is as follows:
</u></em>
Where,
"A" is the total amount
"p" is the principal sum
"r" is the rate of interest
"n" is the number of years
From given question,
p = $ 300
r = 4.5 %
n = 20 years
Substituting the values we get,
Thus value after 20 years is $ 723.514
Important variables to know:
I = interest
P = principal (investment)
R = simple interest rate
T = years
Formula: I = PRT
What information do we have?
I = $960
P = $4000
T = 3 years
R = ?
Plug into formula:
960 = 4000(3)(R)
960 = 12000R
R = 960/12000
R = .08
A. $4000 + $960 = $4960. (A= P+ I)
B. 8% (.08)
Part 2: 1080 = 4000*.09*3
A = 5080 - 4960 =$420.
The slope of the line we seek must me the same as the slope of the given line because THE LINES ARE PARALLEL.
The two lines never meet.
The slope of the given line is -7.
See it?
Plug -7 and the given point into the point-slope formula.
y - (-6) = -7(x - 9)
Solve for y.
y + 6 = -7x + 63
y = -7x + 63 - 6
y = -7x + 57
Did you follow?
(3/5) * 65
3*(65/5)
3*13
39
Answer: $80.50
Step-by-step explanation:
