Find the slope of the line passing through the points (3,9) and 12,-5)
1 answer:
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Namely, how many times does 1/3 go into 5/8? well, is their quotient,
<u>Answer:</u>
The money will gavin have after 5 years is 1616.59$
<u>Explanation:</u>
We know that compound interest is given by
Where A = final amount
P = Principal amount = $1500 (given)
r = interest rate = 1.5% = 0.015
n = no. of times interest applied per time period = given quarterly = 4
t = time period = 5 years
So,
= 1616.59$ which is the money will gavin have after 5 years