Bank balance after 15 years is $950
Step-by-step explanation:
- Step 1: Find the simple interest on the principal amount using the formula SI = PRT/100 where Principal (P) = $500, Rate of Interest (R) = 6% and Time(T) = 15 years
⇒ SI = 500 × 6 × 15/100 = $450
- Step 2: Find total amount using the formula Amount = P + SI
⇒ Amount = 500 + 450 = $950
Y=-5x+1
Slope intercept form is y=mx+b
m is slope and b is the y-intercept
A. You can use y=mx+b to find the rate of change of a bushel corn in the current year. The rate of change would be y=8x.
B. One bushel is worth 8$ (24/3 = 8) in the current year, and in the previous year one bushel was worth 7$ (21/3= 7). Therefore there was a 1$ raise from the previous year to the current year.
