Are you sure about your solves??
I think correct answer is 6,
I don't know but the standard way is in the photo:
The answer is 2
Add like terms
Add 8 to -8 and the zero
To get 4x=8
Then divide 4 and 8 by 4
To get x=2
Answer:
y=1/4x+3
Step-by-step explanation:
m=(y2-y1)/(x2-x1)
m=(6-2)/(12-(-4))=4/(12+4)=4/16=1/4
y-y1=m(x-x1)
y-2=1/4(x-(-4))
y-2=1/4(x+4)
y=1/4x+4/4+2
y=1/4x+1+2
y=1/4x+3
ince the problem is only asking for 4 years, we can just calculated it out year by year. Recall the formula for compounding interest: A = P(1+r)n, where A is the total amount, P is the principle (amount you start with), r is the interest rate per period of time, and n is the number of periods (in this case, r is annual interest rate, so n is number of years). At the beginning (Year 0), Lou starts off with 10000: A = 10000 At the end of Year 1, Lou earned interest on that amount, plus he has deposited another 5000: A = 10000(1.08) + 5000 End of Year 2, Lou's interest from the year 0 amount has compounded, he has started earning interest on the amount deposited last year, and he deposits another 5000: A = 10000(1.08)2 + 5000(1.08) + 5000 End of Year 3, same idea. Lou has earned compounding interest on all existing deposits, and deposits another 5000: A = 10000(1.08)3 + 5000(1.08)2 + 5000(1.08) + 5000 End of Year 4, same idea: A = 10000(1.08)4 + 5000(1.08)3 + 5000(1.08)2 + 5000(1.08) + 5000 = 36135.45
