Answer:
1 year: $2060
2 years: $2121.80
3 years: $2185.45
Step-by-step explanation:
Compound interest formula is A = P(1 + 
) where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period, and t is the number of time periods elapsed. In our case, P would be equal to 2000 dollars, r would be equal to 0.03, for 3 percent, and our n value would just be one, so the final equation is:
First, let's evaluate t for 1, as in one year.
= 2000 x 1.03 = 2060
Two years: 2000 * 1.03 squared = 2121.80
Three years: 2000 * 1.03^3 = 2185.45!
Hope this helps!
Answer:ABD is equal to CDB
Step-by-step explanation:
The reason you can tell is if you was to fold them both they would match up
To write the equation of the line, we will use the point-slope formula.
To do this, we need a point and a slope.
We can find out slope by using the slope formula.
m = y₂ - y₁ / x₂ - x₁
So we have 5 - 9 / 3 - 1 or -4/2 which is -2.
Now let's use the point-slope formula.
y - y₁ = m(x - x₁)
Now substitute one of our points (x₁, y₁) into our formula.
So we have y - 5 = -2(x - 3).
Distributing the -2 gives us y - 5 = -2x + 6.
Moving the -5 to the right, we have y = -2x + 11.
So y = -2x + 11 is our equation.
