Which answer is it please be specific when hiving me an answer for this question pls
2 answers:
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Answer:
Step-by-step explanation:
We can write the equation of a line in 3 different forms including slope intercept, point-slope, and standard depending on the information we have. We have a point given and a slope from the equation. We will chose point-slope since we have a point and the slope.
We will substitute and
.
This is the equation of the line with slope -2 that passes through (5,-1).
Annually The amount after 10 years = $ 7247.295
quarterly compound after 10 years = $7393.5
Continuously interest =$7,419
Given:
P = the principal amount
r = rate of interest
t = time in years
n = number of times the amount is compounding.
Principal = $4500
time= 10 year
Rate = 5%
To find: The amount after 10 years.
The principal amount is, P = $4500
The rate of interest is, r = 5% =5/100 = 0.05.
The time in years is, t = 10.
Using the quarterly compound interest formula:
A = P (1 + r / 4)4 t
A= 4500(1+.05/4)40
A= 4500(4.05/4)40
A= 4500(1.643)
Answer: The amount after 10 years = $7393.5
Using the Annually compound interest formula:
A = P (1 + r / 100) t
A= 4500(1+5/100)10
A= 4500(105/100)10
Answer: The amount after 10 years = $ 7247.295
Using the Continuously compound interest formula:
e stands for Napier’s number, which is approximately 2.7183
A= $2,919
Answer: The amount after 10 years = $4500+$2,919=$7,419
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