Rodger put $1,000 in a bank account that pays 5% annual simple interest. At the end of four years, how much interest has he earn
1 answer:
Answer: He has earned $200 interest and the balance of his account is $1,200.
Step-by-step explanation:
Given: Principal : P = $1,000
Simple interest rate : r = 5% = 0.05
Time: t = 4 years
Simple interest =
i.e. Simple interest = $200
Balance of account = Principal + Simple interest
= $1,000 + $200
= $1,200
Hence, he has earned $200 interest and the balance of his account is $1,200.
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Answer:
The equation in the slope-intercept form will be:
y = 1/4x - 7
Step-by-step explanation:
Given the points
- (-4.-8)
- (-8, -9)
We know that the slope-intercept of line equation is
where m is the slope and b is the y-intercept
substituting m = 1/4 and the point (-4, -8) to find the y-intercept 'b'
y = mx+b
-8 = 1/4(-4)+b
-8 = -1 + b
b = -8+1
b = -7
so the y-intercept = b = -7
substituting m = 1/4 and b = -7 in the slope-intercept form of line equation
y = mx+b
y = 1/4x + (-7)
y = 1/4x - 7
Thus, the the equation in slope-intercept form will be:
y = 1/4x - 7