What is the interest you will pay if you borrowed $1,250 at 4% interest for 4 years?
2 answers:
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After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
See explanation
Step-by-step explanation:
The constant of variation is found using the slope formula:
The given relation is
X : -2 , -3, -4, -5
Y : -5, -7.5,-10,-12.5
We can use any two ordered pair to find the constant of variation.
Using (-2,-5) and (-3,-7.5), we have
The constant of variation is 2.5
We need to repeat this for all the options to identify the one with -2.5 as slope.
unfortunately, you did not provide the remaining options.