Answer:
$ 50,340.97
Step-by-step explanation:
From the above question, we can deduce that we are to find the Initial amount invested which is also called the Principal.
The formula to find Principal in a compound interest question is:
P = A / (1 + r/n)^nt
Where:
A = Total Amount obtained after invested = $80,000
r = Interest rate = 3.1% = 0.031
n = number of times interest in compounded = Quarterly = 4
t = time in years = 15
P = $80,000/(1 + 0.031/4)^4 × 15
P = $80,000/(1 +0.00775)^60
P = $ 50,340.97
Hence, James would have to invest $50,340.97 today to have $80,000 in 15 years.
Answer:
<em>Equation of line; y = - 6x</em>
Step-by-step explanation:
As we can see from this graph, point ( 0, 0 ) lying on this graph intersects the y - axis such that it forms a y - intercept of 0;
At the same time we can note that the change in y / change in x, in other words the slope, differs by a rise of 6 / run of - 1, 6 / - 1 being a slope of - 6;
If this equation is in slope - intercept form ⇒
y = a * x + b, where a ⇒ slope, and b ⇒ y - intercept,
<em>Equation of line; y = - 6x</em>
Answer:
-0.28
Step-by-step explanation:
Answer:
120km
Step-by-step explanation:
10km in 15 min
3hrs = 3 x 60 min = 180 min
180min divided by 15min = 12
12 x 10km = 120 km
