Answer:
Principal = $1,000
Rate of interest = 14% = 0.14
Time = 3 years
A = Amount or future value
P = Principal
r = rate of interest in decimals
t = time
Substitute the values in the formula
Future Value is $1481.544
Compound interest = Amount - Principal = $1481.544- $1000 = $481.544
Formula of simple interest :
Substitute the values :
So, Simple interest = $420
Compound interest - Simple interest
= $481.544- $420
= $61.544
So, Compound Interest is $61.544 more than simple interest.
Answer: The slope is undefined.
Step-by-step explanation:
Using the formula given, find the difference in the y coordinates of the points and divide it by the x coordinates.
(3,6)
(3,-3)
y coordinates: 6 - (-3) = 9
x coordinates: 3- 3 = 0
9/0 = undefined.
Any number being divided by 0 is undefined because you can't divide something by anything.
Also remember that if a line is vertical through any of the x coordinate, the slope will always be undefined and the equation of line is x = 3
Which set of ordered pairs contains only points that are on the graph of the function y=12-3×?
If you would like to solve 5x - 65 = 3x - 17, you can do this using the following steps:
5x - 65 = 3x - 17
5x - 3x = 65 - 17
2x = 48
x = 48/2
x = 24
The correct result would be 24.