Seema deposited $800 in a saving account earning 2.88% compounded annually. To the nearest cent, how much will she have in 16 ye
1 answer:
Answer:
1260.04
Step-by-step explanation:
The formula for compound interest is:
A = P(1+ where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period and t is the number of time periods elapsed. Since the deposit was compounded annually, just like the interest, we can omit the n in the equation.
Applying the formula to question:
800(1+ = 1260.04 (rounded off to nearest cent since it's money)
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Answer:
1)
2) 12 inches tall.
Step-by-step explanation:
1) The equation of the line in Slope-Intercept form is:
Where "m" is the slope and "b" is the y-intercept.
In this case:
(The height of the candle in inches)
(The time in hours)
Then, we can rewrite it:
Based on the information provided in the exercise, the line passes through these points:
and
Then, we can find the slope of the line with the formula :
Now we need to substitute the slope and one of the points into and then solve for "b":
Substituting values, we get that the a linear equation that models the relationship between the heigth of the candle and the time, is:
2) We must substitute into the linear equation
in order to find the height of the candle after burning 8 hours: