How to convert between this equation: 15x + 5y = 25 from Standard Form to Slope-Intercept Form?
1 answer:
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Answer:
Step-by-step explanation:
Answer:
a. The amount that is saved at the expiration of the 5 year period is $22,769.20¢
b. The amount of interest is $2,769.20¢
Step-by-step explanation:
Since the amount that is deposited every year for a period of five years is $4,000 and the rate of the interest is 6.5%. We can always calculate the amount that is saved at the expiration of the five years.
We will first state the formula for calculating the future value of annuity:-
Future value of annuity =
Where P is the amount deposited per year.
r is the rate of interest
t is the time or period
and in this case, the actual value of P = $4,000
rate of interest, r is 6.5% = 0.065
time, t is 5 years.
Substituting e, we have:
Fv of annuity =
= 4,000 × [((1.065)^5)- 1/0.065]
= 4,000 × [(1.37 - 1)/0.065]
= 4,000 × (0.37/0.065)
= 4,000 × 5.6923
= $22,769.20¢
a. Therefore the amount that is saved at the end of the five (5) years is $22,769.20¢
b. To find the interest, we will calculate the amount of deposit made during the period of five years and subtract the sum from the current amount that is saved ($22,769.29¢).
Since I deposited 4,000 every year for five years, the total amount of deposit I made at the period =
4,000 × 5 = $20,000
The amount of interest is then = $22,769.20¢ - $20,000 = $2,769.20¢
x = or x = -
consider the factors of the product 6 × - 4 = - 24 which sum to the coefficient of the x- term ( + 5)
the factors are + 8 and - 3 ( split the middle term using these factors
6x² - 3x + 8x - 4 = 0 ( factor by grouping )
3x(2x - 1) + 4(2x - 1 ) ( take out common factor of (2x - 1) )
= (2x - 1)(3x + 4) = 0
equate each factor to zero and solve for x
2x - 1 = 0 ⇒ x =
3x + 4 = 0 ⇒ x = -