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zvonat [6]
3 years ago
13

Raul deposited $5,000 into a retirement account with an annual interest rate of 1.8%. He made no deposits or withdrawals for 15

years. If interest was compounded annually, which equation represents the balance in the account after 15 years? * Captionless Image
Mathematics
1 answer:
BARSIC [14]3 years ago
5 0
He would have $6,549
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<u>We know that:</u>

Slope of a line = change in y coordinate / change in x coordinate

<u>We are given:</u>

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<u>Calculating the change in y coordinate:</u>

change in y (also represented by Δy) = second y - first y

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<u>Calculating the change in x coordinate:</u>

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Δx = 3

<u>Slope of the line:</u>

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