13+8n=-3
<em>Subtract 13 from both sides</em>
8n=-16
<em>Divide both sides by 8</em>
n=-2
7000 is 6709 rounded to the nearest thousand
*here is step by step*
(Remember to add the 'x' to the slope)
-4x+6y=16
6y=4x+16
y= 4/6x + 2.66
The complete answer is:
y= 2/3x + 2.66
Answer:
$ 8,695.35
Step-by-step explanation:
This is a compound interest question
Amount after t years = A = P(1 + r/n)^nt
Where P = Initial Amount saved
r = interest rate
t = time in years
n = compounding frequency
A = 10,000
r = 3.5 %
t = 21 - 17 = 4 years
n = Compounded monthly = 12
Step 1
Converting R percent to r a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
P = A / (1 + r/n)^nt
Solving our equation:
P = 10000 / ( 1 + (0.035/12)^12 ×4 =
P = $8,695.35
The principal investment required to get a total amount, principal plus interest, of $10,000.00 from interest compounded monthly at a rate of 3.5% per year for 4 years is $8,695.35.
Point Slope Formula: y-y₁=m(x-x₁)
Linear Standard Form: Ax+By=C
Slope Intercept: y=mx+b
