Answer:
z = 3
Step-by-step explanation:
Since the points are collinear then the slopes between the points are equal.
Calculate the slope m using the slope formula
m =
with (x₁, y₁ ) = P (2, - 3) and (x₂, y₂ ) = Q (3, - 2)
m = = 1
Repeat with
(x₁, y₁ ) = Q (3, - 2) and (x₂, y₂ ) = R (8, z )
m = =
, then
= 1 ( multiply both sides by 5 )
z + 2 = 5 ( subtract 2 from both sides )
z = 3
Answer:
see the explanation
Step-by-step explanation:
we know that
step 1
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Applying property of exponents
step 2
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
Applying property of exponents
step 3
Compare the final amount
therefore
Find the difference
----> Additional amount of money you would have in your pocket if you had used a continuously compounded account with the same interest rate and the same principal.