Step-by-step explanation:
The formula for compound interest is
P = I (1 + r/n)^nt
where
P: the total amount of money in the account after a certain amount of time
I: the principal amount
r: the interest rate as a decimal
n: the number of times a year interest is compounded
t: the number of years passed
For Patrick:
P = 200 (1 + 0.02/12)^12*8
P = 200 (1 + 0.00166667)^96
P = 200 (1.00166667)^96
P = 200 * 1.00166667^96
P = $234.67
For Brooklyn:
P = 200 (1 + 0.04/4)^4*8
P = 200 (1 + 0.01)^32
P = 200 (1.01)^32
P = 200 * 1.01^32
P = $274.99
After 8 years, Patrick has $234.67 and Brooklyn has $274.99
Answer:
y − 3 = 2(x − 1)
Step-by-step explanation:
The point-slope form of the equation of a line with slope m through point (h, k) is ...
y -k = m(x -h)
You have m=2, h=1, k=3, so the equation is ...
y -3 = 2(x -1)
Answer:
f(- 3) = - 5
Step-by-step explanation:
Given the point (- 3, - 5)
where x = - 3 is the input and y = - 5 is the output
The function can be represented by
y = f(x), that is
f(- 3) = - 5
Q(-3,-3)
R(3,2)
S(5,2)
T(5,-4)
