2 years ago

Cynthia invests some money in a bank which pays 5% compound interest per year.

Mathematics

1 answer:

shtirl [24]2 years ago

6 0

Answer:

£6,910.70

Step-by-step explanation:

The computation of the amount invested is given below:

As we know that

Amount = Principal × (1 + rate of interest)^number of years

£8000 = Principal × (1 + 0.05)^3

£8000 = Principal × 1.05^3

£8000 = Principal × 1.157625

So, the principal amount is

= £8000 ÷ 1.157625

= £6,910.70

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Point m is the midpoint of kL. M(1,-1) and L(8,-7. What are the coordinates of point k?

Phoenix [80]

Answer: (-6, 5)

<u>Step-by-step explanation:</u>

Use the Midpoint Formula: $\dfrac{(x_k, y_k)+(x_L,y_L)}{2}=(x_m, y_m)$

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