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emmasim [6.3K]
3 years ago
5

Which of the following give the highest future value is 6000000 is invested at 6% for 3 years​

Mathematics
1 answer:
Blababa [14]3 years ago
3 0

Answer:

$5084745.76271

Step-by-step explanation:

Given data

Final amount= $6000000

Rate=6%

Time= 3 years

Now let us find the initial amount which is the principal

using the simple interest formula we have

6000000 = P(1+0.06*3)

6000000 =P(1+0.18)

6000000 =P*1.18

P= 6000000 /1.18

P=$5084745.76271

Hence the initial deposite is $5084745.76271

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If g(x) is a linear function such that g(-3) = 2 and g(1) = -4, find g(7).
eimsori [14]
<h3>Answer:   -13</h3>

=======================================

Explanation:

g(-3) = 2 means x = -3 and y = 2 pair up together to form the point (-3,2)

g(1) = -4 means we have the point (1,-4)

Find the slope of the line through the two points (-3,2) and (1,-4)

m = (y2-y1)/(x2-x1)

m = (-4-2)/(1-(-3))

m = (-4-2)/(1+3)

m = -6/4

m = -3/2

m = -1.5

The general slope intercept form y = mx+b turns into y = -1.5x+b after replacing m with -1.5

Plug in (x,y) = (-3,2) which is one of the points mentioned earlier and we end up with this new equation:  2 = -1.5*(-3) + b

Let's solve for b

2 = -1.5*(-3)+b

2 = 4.5 + b

2-4.5 = 4.5+b-4.5 .... subtract 4.5 from both sides

-2.5 = b

b = -2.5

Therefore, y = mx+b becomes y = -1.5x-2.5 meaning the g(x) function is g(x) = -1.5x-2.5

The last step is to plug in x = 7 and compute

g(x) = -1.5*x - 2.5

g(7) = -1.5*7 - 2.5

g(7) = -10.5 - 2.5

g(7) = -13

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3 years ago
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