Answer:
Step-by-step explanation:
<u>Given</u>
- Investment P₀ = $8300
- Interest rate r = 6.6%
- Compound = continuous
- Time t=14 years
- P = ?
<u>Formula for continuous compound interest:</u>
- P = P₀e
^rt, where e = 2.71828, constant used for continuous interest
- P = 8300*(2.71828)^(14*0.066)
- P = $20910.57 = $20911 rounded to the nearest dollar
Answer:
-2
Step-by-step explanation:
We can find the slope using the slope formula
m = ( y2-y1)/(x2-x1)
= ( -2-6)/(2- -2)
= ( -2-6)/( 2+2)
-8/4
-2
Answer:
Step-by-step explanation:
(y-y1)=m(x-x1)
(y-2)=-3(x-0)
y=-3x-0+2
y=-3x+2
