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Schach [20]
3 years ago
8

Lacey deposited $4,860 in a new credit union savings account on the first day of the quarter. The principal earns 4% interest co

mpounded quarterly for 6 months.(a) the amount
Mathematics
1 answer:
Softa [21]3 years ago
7 0

Answer:

$4956.23 approx

Step-by-step explanation:

Given data

P= $4860

R= 4%

T= 6 months = 0.5 years

Applying the compound interest formula we have

A=P(1+r)^t

Substitute

A=4860(1+0.04)^0.5

A= 4860(1.04)^0.5

A=4860*1.0198

A=4956.228

Hence the balance will be $4956.23 approx

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(-8,5)  (-3,10) [Use the y1-y2 over x1-x2 formula to solve for slope]

10 - 5         5
---------   = ----- = 1 
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Hurray! You got a slope of one. Now substitute this back into your original equation:
y=mx+b --> y=1x+b 

Next, we find what our "b" is, or what our y-intercept is:
Using one of the previous points given, substitute them into the new equation:
[I used the point (-3, 10) ]

y=1x+b
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So, now we have our y-intercept. Use this and plug it into the equation:
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y=1x+13 is our final answer.



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--------
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So, our final answer is y=-1/3x+(-1)

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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