Ariel receives
1 answer:
You might be interested in
Answer:
$7,544.58
Step-by-step explanation:
We will use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, change 3.3% into its decimal form:
3.3% -> -> 0.033
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
The balance after 1 year will be $7,544.58
<u>Hello:</u>
<u />
<u>Okay, this problem should be taken in a series of steps</u>:
<u>What is the slope's formula?</u>
- (x₁,y₁) -- first point
- (x₂,y₂) -- second point
<u>Okay, now let's use this knowledge</u>
10. (5,-19) and (-5,21)
11. (12,1) and (12, -1)
12. (8,7) and (4,7)
<u>Answer:</u>
- Question 10: -4
- Question 11: undefined
- Question 12: 0
Hopefully that helps!