Answer:
$18,726.11
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First lets change 9% into a decimal:
9% -> -> 0.09
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
<u>The balance after 5 years is $18,726.11</u>
Step-by-step explanation:
Option C
Answer:
<em>The equation of the straight line in point - slope form</em>
<em>y +1 = -2 ( x-2)</em>
Step-by-step explanation:
<u><em>Step(i):-</em></u>
Given points are C( 2,-1) and D(1,1)
Slope of the line
m = -2
<u>Step(ii):-</u>
Equation of the straight line passing through the point ( 2,-1) and having slope
m =-2
y - y₁ = m ( x- x₁)
y - (-1) = -2 ( x-2)
y +1 = -2 ( x-2)
<u><em>Final answer:-</em></u>
<em>The equation of the straight line</em>
<em>y +1 = -2 ( x-2)</em>
