Josh has $252 in his bank account. This is $12 more than 6 times the amount of money that sally has in her bank account. What eq
1 answer:
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Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;
Therefore, it will take 88.2 months to accumulate the amount.
Answer:
Step-by-step explanation:
1. Using the point of intersections, we use the substitution method to find the coordinates of the line parallel to
substituting the value of y in :
substituting x=-1 in y= -4-5x:
(upon solving, you should get this)
2. Using y=mx+c and making y the subject of the formula 2x-y-9=0 and using the coordinate we found earlier, we will find the equation of the parallel line. (We make y the subject of the formula to find the gradient)
-1= 2 x 1 +c
-3=c
- y= 2x-3