Given these 2 points find the equation of the linear function that is created by them
1 answer:
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Answer: $43,823.37
Step-by-step explanation:
Formula to calculate the accumulated amount earned on principal (P) at rate of interest (r) compounded daily after t years :
As per given , we have
P= $ 30,700
r= 8.9 % = 0.089
t= 4 years
Hence, the amount at the end of 4 years would be $43,823.37 .