Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
Hey Ive taken this assesment. The answer is 55
Step-by-step explanation:
Equating,
Placing it,
Answer:
Step-by-step explanation:
We are given that a line has a slope of -2/3 and passes through the point (0,6)
We want to write the equation of this line; there are 3 forms of the line that we can use:
- Slope-intercept form, which is y=mx+b, where m is the slope and b is the y intercept
- Standard form, which is ax+by=c, where a, b, and c are free integer coefficients, but a and b cannot be 0, and a cannot be negative
- Slope-point form, which is , where m is the slope and is a point
All though while writing the equation of the line in any of these ways is acceptable, the most common way is to write it in slope-intercept form, so let's do it that way.
As we are already given the slope, we can immediately substitute m with that value.
Replace m with -2/3:
y = -2/3x + b
Now we need to find b.
As the equation passes through the point (0, 6), we can use it to help solve for b.
Substitute 0 as x and 6 as y.
6 = -2/3(0) + b
Multiply
6 = 0 + b
Add
6 = b
Substitute 6 as b.
y = -2/3x + 6
Topic: finding the equation of the line
See more: brainly.com/question/27645158
Answer:
lol
Step-by-step explanation: