We have been given that Anil borrows $80 000 to buy a business. The bank gives him a loan, with an interest rate of 2% each year. We are asked to find the total amount paid back by Anil to bank after 10 years.
We will use simple interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
t = Time in years.
Let us convert 2% into decimal.
We have 
and 
, so we will get:
Therefore, Anil will pay 
to the bank after 10 years.
I did the work for you. I also showed my work. Hope it helped
Anita's account had linear growth
Miguel's account had exponential growth.
Miguel's account grew faster because exponential growth is faster than linear growth
If we were to foil
after experieence
we know
ax²+bx+c=0
and
in form
(ax+b)(cx+d)=0
if we expand it, we get
acx²+bcx+adx+bd=0
or
(ac)x²+(bc+ad)x+(bd)=0
compare to
ax²+bx+c=0
we notice that the middle terms (x terms) are
b=(bc+ad)
so
in form
(2x-1)(1x+5)
b=bc+ad=(-1*1+2*5)=-1+10=9
b=9
or you could just expand it
Answer: 4 units to the right, 3 units up
Hope this helped! :)
