Answer:
The amount after 4 years = $ 16198.87
Step-by-step explanation:
Points to remember
Compound interest
A = P[1 + R/n]^nt
Were A - Amount
P - Principle
R - Rate of interest
t - Number of years
n - Number of times compounded
<u>To find the amount</u>
Here P = $11,800, R = 8% = 0.08, t = 4 years and n = 4 times
A = P[1 + R/n]^nt
= 11800[1 + 0.08/4]^(4 * 4)
= 16198.87
Therefore amount after 4 years = $ 16198.87
Answer:
B. Rotation
Step-by-step explanation:
Answer:
Yes! Integers can be negative! -3, -4, -9, -2... You name it!
We can build a system of two linear equations with two unknowns with the info provided in the problem, one with Kelsey info and one with Mitch info like so:
Lets call p the amount on peak minutes and n the amount of non-peak minutes:
45p + 50n = 27.75
70p + 30n = 36
lets reduce the equations dividing the first by 5:
9p + 10n = 5.55
<span>70p + 30n = 36
</span>now, to eliminate n, lets multiply the first equation by -3 and add the two equations:
-27p - 30n = -16.65
<span>70p + 30n = 36
</span>----------------------------
43p + 0 = 19.35
p = 19.35<span>/43
p = 0.45
therefore the peak rate is $0.45 per minute
lets substitute in one of the original equations this result:
</span><span>45p + 50n = 27.75
</span>45(0.45) + 50n = 27.75
20.25 <span>+ 50n = 27.75
50n = 27.75 - 20.25
50n = 7.5
n = 7.5/50
n = 0.15
therefore the non-peak rate per minute is $0.15</span>
(Look at photo for explanation for slope)
Slope/m is 17
After graphing both points and making a line, you will find that the y-intercept/b crosses at -15
So,
Slope/m = 17
Y-intercept/b = -15
