The formula is principal x ( 1+ interest rate)^ number of years
5%:
20,000 x 1.05^3 = $23152.50 total
Interest = 23152.50-20000= $3,152.50
10%
20000 x 1.10^3 = $26,620.00
Interest = 26620-20000 = $6,620
12%
20000 x 1.12^3 = $28,098.56
Interest = 28098.56-20000 = $8.098.56
Answer:
5
Step-by-step explanation:
Answer:
y=-1/2x+2
Step-by-step explanation:
First, the slope of perpendicular line have negative reciprocal coefficients. In this case the coefficient is 2, The reciprocal of 2 is 1/2 and the negative of 1/2 is -1/2. So x will have a coefficient of -1/2.
Second, find the equation with a slope of -1/2 that passes through (-2,3). There are a few ways to do this. I like to plug the given x value into the expression -1/2x, so -1/2(-2) which equals positive 1 and for the line to pass through the point (-2,3) you need to add 2. So: y=-1/2x+2
Multiply the first equality by 3/2 and you get the second
There are thus an infinite number of solutions : x can be any number and y=2-3x/4
