Answer: The amount of money in his account after 4 years = $7,658.73
Step-by-step explanation:
If interest is compounded annually, then formula to compute amount :
, where P+ principal value, r= rate of interest, n= time ( in years).
As per given,
P= $6700 , r = 3.4% =0.034, n =4
Hence, the amount of money in his account after 4 years = $7,658.73
Answer:
Value of b = =1.25.
Step-by-step explanation:
Direct Variation states that a relationship between two variables in which one is a constant multiple of the other.
*if one variable changes the other changes in proportion to the first.
*If a is directly proportional to b i.e,
then it is of the form
a = kb ;where k is constant variation.
Given: a varies directly as b;
then, by definition of direct variation;
we have;
.....[1]
Substitute the value of a =28 and b =7 to solve for k;
Divide both sides by 7 we have;
Simplify:
k =4
now, find b using same method when a =5;
then;
after substituting the value of a = 5 and k=4 in [1] ;
Divide by 4 to both sides we get;
Therefore, the value of b = =1.25