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Answer:
$24.35
Step-by-step explanation:
We will use the compound interest formula provided to solve this problem:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, change 1% into a decimal:
1% -> -> 0.01
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
Lastly, subtract <em>A </em>from the principal to get the interest earned:
Answer:
(6,-1)
Explanation:
The slope of the line can be calculated using the following formula:
slope =
We are given that:
slope = -0.75
point (x1,y1) is (-2,5)
We will use each of the given points to calculate the corresponding slope, then compare the calculated slope with the given one.
For point (6,-1):
slope =
= -0.75 ........> accepted choice
For point (2,8):
slope =
= 0.75 ........> rejected choice
For point (-5,1):
slope =
= 4/3 ........> rejected choice
For point (1,1):
slope =
= -4/3 ........> rejected choice
Therefore, the first option is the only correct one.
Hope this helps :)
(6,-1)
Explanation:
The slope of the line can be calculated using the following formula:
slope =
We are given that:
slope = -0.75
point (x1,y1) is (-2,5)
We will use each of the given points to calculate the corresponding slope, then compare the calculated slope with the given one.
For point (6,-1):
slope =
For point (2,8):
slope =
For point (-5,1):
slope =
For point (1,1):
slope =
Therefore, the first option is the only correct one.
Hope this helps :)