Answer:$6451.6 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.2%. So
r = 7.2/100 = 0.072
It was compounded for 3 years. So
t = 3
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. A is given as $8000 Therefore,
8000 = P (1+0.072/12)^12×3
8000 = P(1+0.006)^36
8000 = P(1.006)^36
P = 8000/1.24
P = $6451.6
Answer:
<h3>The answer is (-34.125)</h3>
Answer:
Equation of a line is y = mx + c
where m = slope and c = y intercept
Using point ( -2 , 4) and m = 2
Equation of the line is
y - 4 = 2(x + 2)
y - 4 = 2x + 4
y = 2x + 4 + 4
y = 2x + 8
Hope this helps.
Answer:
2x-y=0
x=1/2y
Step-by-step explanation:
