Answer: 13.29%
Step-by-step explanation:
The formula to calculate the compound amount (compounded continuously) is given by :-
, where P is the principal amount , r is the rate of interest ( in decimal) and t is the time period.
Given : P= $ 35,000 , A= $257,000 and t=15 years
To find : r , we substitute all the values in the above formula , we get
Taking natural log on both the sides , we get
Hence, the annual interest rate = 13.29%
What we have been given here are two points.
f(3) = -4 is the same as (3, -4)
f(2) = 6 is the same as (2, 6)
We can then use these two points to find the equation of a line.
Step 1: Find the slope
Slope Formula: (y2 - y1) / (x2 - x1)
Slope = (6 - - 4) / (2 - 3) = (10) / (-1) = -10
Step 2: Find the y-intercept
To find the y-intercept, we'll take our slope and one of our points and plug them into slope-intercept form, then solve for b.
Slope-Intercept Form: y = mx + b
Point = (2, 6)
6 = 2(-10) + b
6 = -20 + b
b = 26
Step 3: Create the equation of the line
Now that we have the slope and y-intercept, all that's left to do is plug both of those values into slope-intercept form.
y = -10x + 26
Answer: y = -10x + 26
Hope this helps!
Answer:
10
Step-by-step explanation:
10x0 is 0
10x1 is 10
Given that the line passes through the two points (-3,4) and (2,8)
We need to determine the equation of the line.
<u>Slope:</u>
The slope of the line can be determined using the formula,
Substituting the points (-3,4) and (2,8) in the above formula, we get;
Thus, the slope of the line is
<u>Equation of the line:</u>
The equation of the line can be determined using the formula,
Substituting the point (-3,4) and in the above formula, we have;
Thus, the equation of the line is
