Find the slope and Y-intercept.
1 answer:
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Answer:
a) Interest earned = $36
New Balance = $336
b) Interest rate = 0.05 or 5%
New Balance = $517.5
c) time t = 5
New Balance = $612.5
d) Principal Amount = $675
New Balance = $783
Step-by-step explanation:
We are given:
a) Principal (P) = $300
Rate (r) = 3% or 0.03
Time (t)= 4 years
Interest earned = ?
The formula used is:
Putting values and finding interest
So, Interest earned = $36
New Balance = Principal + Interest = 300+36 = $336
b) a) Principal (P) = $300
Rate (r) = ?
Time (t)= 3 years
Interest earned = 67.50
The formula used is:
Putting values and finding rate
So, Interest rate = 0.05 or 5%
New Balance = Principal + Interest = 450+67.50 = $517.5
c) Principal (P) = $500
Rate (r) = 4.5% or 0.045
Time (t)= ?
Interest earned = $112.50
The formula used is:
Putting values and finding time
So, time t = 5
New Balance = Principal + Interest = 500+112.50 = $612.5
d) Principal (P) = ?
Rate (r) = 8% or 0.08
Time (t)= 2 years
Interest earned = 108.00
The formula used is:
Putting values and finding Principal
So, Principal Amount = $675
New Balance = Principal + Interest = 675+108 = $783
Using proportions and the information given, it is found that:
- The class width is of 14.375.
- The lower class limits are: {19, 33.375, 47.750, 62.125, 76.500, 90.875, 105.250, 119.625}.
- The upper class limits are: {33.375, 47.750, 62.125, 76.500, 90.875, 105.250, 119.625, 134}.
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- Minimum value is 19.
- Maximum value is of 134.
- There are 8 classes.
- The classes are all of equal width, thus the width is of:
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The intervals will be of:
19 - 33.375
33.375 - 47.750
47.750 - 62.125
62.125 - 76.500
76.500 - 90.875
90.875 - 105.250
105.250 - 119.625
119.625 - 134.
- The lower class limits are: {19, 33.375, 47.750, 62.125, 76.500, 90.875, 105.250, 119.625}.
- The upper class limits are: {33.375, 47.750, 62.125, 76.500, 90.875, 105.250, 119.625, 134}.
A similar problem is given at brainly.com/question/16631975