Mr. Sanchez is grading papers. Yesterday he graded 3 papers in 10 minutes. Today, he graded 2 papers in 8 minutes. What was the
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It will take 19 years and 6 months for the account value to reach 2900 dollars
Step-by-step explanation:
Given
Principal amount = 1400 dollars
Rate = 5.5 %
Final value = A = 2900
We have to find t
So,
The formula for simple interest is:
Putting values
Dividing both sides by 0.055
Rounding off to nearest tenth
19.5 years
Hence,
It will take 19 years and 6 months for the account value to reach 2900 dollars
Keywords: Interest, simple interest
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So,
The slope-intercept form is as follows:
y = mx + b
"m" is the slope, and "b" is the y-intercept. The y-intercept for this equation is (0,b).
Our equation is
That means that
is the slope, and -3 is the y-intercept.
The slope-intercept form is as follows:
y = mx + b
"m" is the slope, and "b" is the y-intercept. The y-intercept for this equation is (0,b).
Our equation is
That means that