Answer:
$507.30
Step-by-step explanation:
-Given the monthly deposits are $425 and the interest rate is 3.5% for 30 years.
-The amount of the investment after 30 years is calculated as;
-Assuming Saul started saving at age 20, his investment term will be 40 yrs.
-His investment amount is thus:
#We subtract to find how much more he would have if he started saving at 20;
Hence, Saul would have $507.30 more had he started saving 10 years earlier.
Answer:
y = -x + 7
Step-by-step explanation:
Hi there!
We are given the following points:
(5,2) and (10,-3)
We want to find the equation of the line that passes through these 2 points
There are 3 ways to write the equation of the line, yet the most common way is slope-intercept form, which is y=mx+b (m is the slope and b is the y intercept).
First, let's find the slope of the line.
The slope can be calculated from 2 points using the equation , where
and
are points
We have everything we need to find the slope, but let's label the values of the points to avoid confusion and mistakes.
Now substitute these values into the formula to find the slope
m=
m=
Simplify
m=
Divide
m=-1
The slope of the line is -1
We can substitute this value as m in y=mx+b.
Here's the equation of our line so far:
y=-x+b
Now we need to find b
As the equation passes through the points (5,2) and (10,-3), we can use either point to find the value of b
Taking (5,2) for example:
Substitute 5 as x and 2 as y
2=-5+b
Add 5 to both sides
7=b
Substitute 7 as b in the equation
y = -x + 7
Hope this helps!
See more on this topic here: brainly.com/question/27166723