Answer:
$3283.2
Step-by-step explanation:
Given data
Principal= $2700
Rate= 4%
Time= 5 years
Required
the final Amount A
The compound interest formula is
A=P(1+r)^t
Substitute
A=2700(1+0.04)^5
A=2700(1.04)^5
A=2700*1.216
A=$3283.2
Hence the balance in the account after 5 years is $3283.2
Answer:
4. A
5. B
Step-by-step explanation:
4. I'll solve question four first:
The two marked points on the line are (-2, -3)&(2, 5). Using the formula to find slope(y2-y1/x2-x1), substitute in the points.
5--3/2--2 or 8/4;simplified to 2/1 or 2.
Now use point-slope form: y-y1 = m(x-x1)
y--3 = 2(x--2): Substitute in the values of y1, m, and x1.
y+3 = 2x + 4: Distribute.
y = 2x + 1: Subtract three from both sides.
5. Do the same for question 5.
The first point is (-4, 2), the second point is (4, -1).
-1-2/4--4; -3/8.
Now use point-slope form:
y-2 = -3/8x -12/8: Substitute in the values of x1, y1, m, and distribute the slope to the parentheses.
y = -3/8x + 1/2
