Answer: the value of the account at the end of 6 years is is $8577
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 6000
r = 6% = 6/100 = 0.06
n = 4 because it was compounded 4 times in a year.
t = 6 years
Therefore,.
A = 6000(1+0.06/4)^4 × 6
A = 6000(1+0.015)^24
A = 6000(1.015)^24
A = $8577
Please list the answer options. I can solve but I need the answer options.
Answer:
<u>The slope is -3.</u>
Step-by-step explanation:
The slope is the Rise/Run between the two points. The change in y for every change in x. Take the two points and calculate the:
RISE = (-6 - 3) = -9
RUN = (8 - 5) = 3
Rise/Run, or slope, is = -9/3 or -3
I graphed a line with slope of -3 and then added 18 to force the line to intersect the two given points.
The answer is 0.5. I hope this is helpful.
