Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
A line that is parallel to another line will have the same slope, in our case, the slope of 3. Therefore, we can just change the y-intercept to create any line parallel to y=3x+5 (just remember to keep the slope the same). For example, y=3x+5, y=3x-9, and y=3x+6.2 are all equations that are parallel to y=3x+5.
:)
Rida:
5 1/2 :77
5.5 : 77
Divide both sides by 5.5 to get $/hour:
1:14
Elisa:
3 3/4:60
3.75:60
Divide both sides by 3.75 to get $/hour:
1:16
16 is bigger than 14 so Elisa earns more.
Hope this helps :)
Answer:
the second option is the correct one
Step-by-step explanation:
The equation of a line in point- slope form is
y - b = m(x - a)
where m is the slope and (a, b) a point on the line
To calculate m use the slope formula
m = ( y₂ - y₁ ) / (x₂ - x₁ )
with (x₁, y₁ ) = (7, 5) and (x₂, y₂ ) = (- 4, - 1)
m = 
= 
= 
Use either of the 2 points as (a, b)
using (- 4, - 1), then
y- (- 1) = (x - (- 4)), that is
y + 1 = (x + 4)
Let's build the equation counting how many x's and 1's are there on each side.
On the left hand side we have 5x's and 8 1's, for a total of 
On the left hand side we have 3x's and 10 1's, for a total of 
So, the equation we want to solve is
Subtract 3x from both sides:
Subtract 8 from both sides:
Divide both sides by 2:
