9514 1404 393
Answer:
4.9% weekly
Step-by-step explanation:
The compound interest formula is ...
A = P(1 +r/n)^(nt)
where A is the account balance that results from investing P at rate r compounded n times per year for t years.
Filling in the values for the two scenarios, we find ...
A = 10,000(1 +0.04/365)^(365·3) ≈ 11,274.89
A = 10,000(1 +0.049/52)^(52·3) = 11,582.74
The higher interest rate will earn Mr. Larson the most money in three years. (4.9% weekly)
Answer:
y = 7x - 10
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
Calculate m using the slope formula
m = (y₂ - y₁ ) / (x₂ - x₁ )
with (x₁, y₁ ) = (2, 4) and (x₂, y₂ ) = (1, - 3)
m = =
= 7, thus
y = 7x + c ← is the partial equation
To find c substitute either of the 2 points into the partial equation
Using (2, 4), then
4 = 14 + c ⇒ c = 4 - 14 = - 10
y = 7x - 10 ← equation of line
Answer:
11253
Step-by-step explanation:
the steps are described in the picture above
