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Vinvika [58]
3 years ago
11

Lane invests $7,000, at 7% interest, compounded annually for 22 years. Calculate the compound interest for his investment.

Mathematics
1 answer:
amm18123 years ago
6 0

\bf ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$7000\\ r=rate\to 7\%\to \frac{7}{100}\dotfill &0.07\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{annually, thus once} \end{array}\dotfill &1\\ t=years\dotfill &22 \end{cases} \\\\\\ A=7000\left(1+\frac{0.07}{1}\right)^{1\cdot 22}\implies A=7000(1.07)^{22}\implies A\approx 31012.81

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The coordinates of the image of point A are (-1, -6)

Step-by-step explanation:

Let us revise the rule of translation to the left, down, and reflection across the x-axis

  • If the point (x, y) translated horizontally to the left by h units then its image is (x - h, y) ⇒ T (x, y) → (x - h, y)
  • If the point (x, y) translated vertically down by k units then its image is (x, y - k) ⇒ T (x, y) → (x, y - k)
  • If the point (x, y) reflected across the x-axis, then its image is (x, -y), the rule of reflection is rx-axis (x, y) → (x, -y)

∵ The coordinates of point A are (3, 4)

∵ It is translated 4 units left

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→ By using the 1st rule above

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∴ Its image is (-1, 4)

∵ Its is reflected across the x-axis

→ By using the 3rd rule above change the sign of its y-coordinate

∴ The new image is (-1, -4)

∵ It is translated 2 units down

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∴ The coordinates of the image of point A are (-1, -6).

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