Answer:
principal (p)=$35000
time(t)=8years
rate ( r)=7%
Step-by-step explanation:
- compounded amount(c.a)=p((1+r/100)^t )=$35000((1+7/100)^8)=$60136.5
- compound interest gain=$60136.5-$35000=$25136.5
- Karl gain interest in 1 year=$35000((1+7/100)-1)=$2450
- gain % in 1 year=$2450/$25136.5×100%=9.74%
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21 is greater cause it whole number
I think you mean,
You can use the usual formula,
That in this case is,
Where I have used,
The answer is the last option:
Explanation:
1. You have that the equation of the line is:
Where is the slope of the line and is the intercept with the y-axis.
2. Therefore, you must find .
3. Then, you must substitute the points given in the problem and the slope into the equation of the line and solve for , as following: