Monty invested 8600 in a savings account with a yearly interest rate of 5% for 12 years how much simple interest did he earn
2 answers:
Answer:
Simple interest = $5,160
Step-by-step explanation:
Given: Monty invested 8600 in a savings account with a yearly interest rate of 5% for 12 years.
Formula:
where, P is principle (P=8600)
R is rate of interest (R=0.05)
T is time period (T=5)
I is simple interest (I=?)
Therefore,
Hence, The simple interest in 12 years is $5,160
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Answer:
y = 7 is the equation of the line that passes through the point ( -2, 7 ) and has a slope of zero.
Step-by-step explanation:
Given:
Let,
A ≡ ( x1 , y1 ) ≡ ( -2, 7 )
Slope = m = 0
To Find :
Equation of Line:
Solution:
Formula for , equation of a line passing through a point ( x1 , y1 ) and having a slope m is given by
Now substituting the values of x1 = -2 and y1 = 7 and slope m = 0 we get,
Which is the required equation of a line passing through the point ( -2, 7 ) and slope zero