The slope within two sets of points is calculated using the slope equation
The slope of a line or points is the rate of change of the line.
This in other words means that, the vertical change per unit horizontal change
Assume that the points are given as:
(x1, y1) and (x2, y2)
The slope (m) of the points is:
Hence, the equation of two sets of points is
Read more about slopes at:
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SOLUTION
Given the question in the question tab, the following are the solution steps to answer the question.
STEP 1: Write the formula for calculating compound amount
where
A = final compounded amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
STEP 2: Write the given data
Semiannually means that n will be 2
STEP 3: Calculate the compound amount
Hence, the compounded amount after 4 years is $18,748.1972
