The answer is y = 2/3x - 22/3
52 minutes 30 seconds
Take 60 minutes divide it by 8 to figure out what 1/8 of an hour is.
Then multiply our answer by 7 to find out how many minutes are in 7/8 of an hour.
Answer:
1545.62
Step-by-step explanation:
The calculation of compound interests uses this formula:
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Where A = total amount, P = principal or amount of money deposited, r = annual interest rate, n = number of times compounded per year and t = time in years.
So, if we plug-in the numbers of the problem we have:
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Which gives us:

For a grand total of 1,545.62 including capital and interests.