Interest paid after 30 years is $494,546.99.
Solution:
Principal (P) = $195,000
Interest rate (r) = 4.3%
Time (t) = 30 years
n = number of times interest calculated per year
n = 1
Compound interest formula:
where A is the final amount
A = 689546.99
Interest = Amount - Principal
= 689546.99 - 195000
= 494546.99
Interest paid after 30 years is $494,546.99.
Answer:
(3, -4)
Step-by-step explanation:
The correct equation is:
From the list of given points, we have to identify which point lies on the graph. This can be done by using the value of x-coordinates from the given points and see if they result in the corresponding y-coordinate:
For point (1, 4)
, This is not equal to 4, so it does not lie on the graph of given function.
For point (3, -4)
, The answer ans corresponding y-coordinate are the same. This means, (3, -4) point lies on the graph of given function.
Likewise, checking for 3rd and 4th point we find out that they do not lie on the graph.
So the correct answer is (3, -4)