Answer:
8.85% per year
Step-by-step explanation:
To find the interest rate of a compounding interest, we use the formula:
Before we start solving, let's break down all the variables that we have.
A = 19,992.71
P = 10,000.00
n = 2
t = 8
r = ?
Now let's put the values into the formula.
or
So the rate the Mrs. Emily Francis got from the bank was 8.85% per year.
Answer:
Step-by-step explanation:
Coordinates of points A and C are (-8, 6) and (2, 5).
If a point B intersects the segment AB in the ratio of 2 : 5
Then coordinates of the point B will be,
x =
and y =
where and
are the coordinates of the extreme end of the segment and a point divides the segment in the ratio of m : n.
For the coordinates of point B,
x =
=
y =
=
Therefore, coordinates of pint B will be,