Find the future value if £7400 is invested for 6 years at 12.8% p.a.
1 answer:
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Step-by-step explanation:
See whenever we have two variables like x and y.
And also we have given two equations in terms of x and y.
Example: ax + by = p and cx + dy = q
In order to get the solution, we need to find the value of x and y using the given two equations.
So here what we can do is:
Consider any one equation and get x or y from that equation.
i.e consider ax + by = p or x =
Now plug value of x (or y) from the equation you have considered into the another equation.
i.e c()+dy = q
Now solve this equation to get y (or x).
and after that we can find the other variable.
<h3>Answer:</h3>
The Slope is
Notice that both the points, and
, are on the line. So we can use those points to calculate the slope. Recall that that slope of the line
can be calculated by
if we have the points,
and
.
Given: