Answer:
a; she will have $8812
b: It will be enough for her trip
Step-by-step explanation:
In this question, we are tasked with calculating how much a certain value in a savings account that is earning an interest that is compounded annually will be worth.
To calculate this, we use the compound interest formula;
A = P(
Where A is the amount after that number of years which of course we want to calculate
P is the principal amount which is the amount we are investing which is $6439 according to the question
r is the interest rate which is 4% = 4/100 = 0.04
t is the time which is 8 years
n is 1 which is the number of times interest will be compounded annually
We plug these values as follows;
A = 6439(1 + 0.04/1)^8
A = 6439(1.04)^8
A = $8,812.22
This amount is greater then the needed $8,500 for the trip and of course it will be enough
Answer:
y = -x + 7
General Formulas and Concepts:
<u>Pre-Algebra</u>
Equality Properties
- Multiplication Property of Equality
- Division Property of Equality
- Addition Property of Equality
- Subtract Property of Equality
<u>Algebra I</u>
Slope-Intercept Form: y = mx + b
- m - slope
- b - y-intercept
Step-by-step explanation:
<u>Step 1: Define</u>
[Standard Form] 5x + 5y = 35
<u>Step 2: Rewrite</u>
<em>Find slope-intercept form.</em>
- Subtract 5x on both sides: 5y = -5x + 35
- Divide 5 on both sides: y = -x + 7
The answer would be the first one.
The correct answer would be 8