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1 answer:
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Answer:
Step-by-step explanation:
The slope of a graph is also known as its gradient, which is the steepness of the graph.
If we are given two points on the line, we can find the slope by taking rise/ run, which is the ratio of the change in y-coordinate against the change in the x-coordinate. This can also be written as a formula:
☆ (x₁, y₁) is the first coordinate and (x₂, y₂) is the second coordinate
In this question, we are given the equation of the line. This equation is already in the slope-intercept form (y= mx +c) since the coefficient of y is 1 and all the other terms are on the other side of the equal sign. In the slope-intercept form, m is the slope while c is the y-intercept.
m= ⅘ since the coefficient of x is ⅘ in the given equation (when the equation is in the slope-intercept form).
The total amount is $ 1015.82 and interest amount is $ 165.82
<em><u>Solution:</u></em>
<em><u>The formula for amount when interest is compounded annually is:</u></em>
Where,
"A" is the total amount
"P" is the principal
"r" is the rate of interest in decimal form
"n" is the number of years
<em><u>From given, $850 at 2% for 9 years, compounded annually</u></em>
P = 850
t = 9 years
<em><u>Substituting the given values we get,</u></em>
Thus total amount is $ 1015.82
Interest amount = Total amount - principal
Interest amount = 1015.82 - 850
Interest amount = 165.82
Thus total amount earned is $ 1015.82 and interest amount is $ 165.82