Borrows £10,000 over 5 years simple interest rate of 15%

Mathematics

1 answer:

zysi [14]3 years ago

8 0

Answer:

${ \tt{simple \: interest = p \times r \times t}} \\ = 10000 \times 15\% \times 5 \\ = £7500$

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N Example 3, the points are(0,3500) and (5,1750). Write an equation that represents the distance y (in feet) remaining after x m

Cerrena [4.2K]

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<h2>The time needed is 10 months.</h2>

Step-by-step explanation:

The given points are (0, 3500) and (5, 1750).

First, we use the formula below to find the slope of the line

$m=\frac{y_{2}-y_{1} }{x_{2} -x_{1} }=\frac{1750-3500}{5-0}=\frac{-1750}{5}=-350$

Which means the function is deacrasing with a ratio of 350 feet per month.

Now, we use the slope and one point to find the equation

$y-y_{1} =m(x-x_{1} )\\y-1750=-350(x-5)\\y=-350x+1750+1750\\y=-350x+3500$

This linear function shows that the situation started at the y-intecept (0, 3500), which means the month 0 had already 3500 feet. In other words, the total distance is 3500 feet. Now, the x-intercept will tell us the time needed to travel that distance.

$0=-350x+3500\\-3500=-350x\\x=\frac{-3500}{-350}\\ x=10$