An account pays 6% compound interest. In year 1, the amount in the account is $70. How much is in the account in year 5?
1 answer:
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Notice that for this question, they are providing you with:
1) The slope of the line (4)
2) a point on the plane through which the line goes (6, -2)
So you can directly use for this the "point-slope" form of a line which is as follows:
This includes m as the slope, and the pair (x0, y0) as the pair representing the point the line goes through.
So, let's use the info they gave you to complete this:
which we can work out a little more:
And even a little more to finish the equation of the line in its standard slope-intercept form:
So the equation of the line is:
Answer:
Step-by-step explanation:
Given
Required
Solve for A
The question implies that we make A the subject of the formula.
Start by subtracting By from both sides of the equation by x
Divide both sides by x
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