Answer:
$103968.11
Step-by-step explanation:
Given information:
Principal amount = $240,000
Rate of interest = 1.2% = 0.012
Number of years = 30
Number of times in an year = 24
Formula for amount:
where
P is principal, r is rate of interest, t is number of years, n is number of times interest compounded in a year.
Now,
Hence, the interest is $103968.11.
Answer:
<u>Given</u>
and
<em>See the graphs attached</em>
To draw the graphs follow the rules we described in the previous questions.
- 1. Identify x-intercept and y-intercept and connect them to have the line.
- 2. Shade the region above or below the line for the inequality.
We see the only difference the expressions have is the equation or inequality symbols.
- Equation symbol means the graph of the equation is a line.
- Inequality symbol means the graph of this is a region above the same line, in our case the line is not a part of the covered region because it is "<".
We can state that the inequality excludes the line and includes only the region above the same line.
Got it. Hope this will help.