Answer: $22.12
Step-by-step explanation:
I just did the compound interest formula which is
starting amount * (1. interst rate) ^ number of years
example if you have 100$ and you want to know how much it is worth if it appretiates by 7% of a period of 20 years it would look something like this;
100 * (1.10) ^20 = 672.74$
but since you have to figure out what it was in 2008 which was exactly half way in the period you divide the exponent by half so your formula should be;
I know the answer is right because I asked my teacher and it's correct.
REAL EXAMPLE: 18 * (1.51) ^.5 = 22.12$
She nee to save $60 more so she can buy a new bike
If you look carefully at the graph, you may see that the slope of the line is
3-4 -1
---------------- = ------ = m
7-4 3
thus, you have the slope of the line and two points on the line. Suppose we
choose the point (4,4) and subst. the known slope and the coordinates of this point into the point-slope formula for the eqn of a str line:
y-y1 = m (x-x1)
y-4 = (-1/3)(x-4)
This is the desired equation. You could, if you wished, change this into slope-intercept form.
The answer to the equation is 15
20 because when you do it that way when it is behind the decimal the numbers are always the opposite thousand hundred tens ones . tens hundreds thousands
