Hello there! I can help you! The formula for compound interest is P(1 + r)^t, where P= principal (initial amount), r = interest rate (in decimal form), and t = time (in years). Let's do this step by step. First off, we add the rate into 1. 4% is the interest rate (0.04 in decimal form). 1 + 0.04 is 1.04. Now, what we will do is raise that number to the 2nd power, because the time that elapses is 2 years. 1.04² is 1.0816. That's that. Now, multiply 7,500 to find the total amount of money. 1.0816 * 7,500 is 8,112. There. Toby's savings account balance in 2 years is £8,112.
Note: To solve for compound interest questions like it, add 1 to the percentage rate in decimal form, raise that number to a power based on the number of years (for example, raise the number to the 7th power if we are looking for the balance after 7 years), and then multiply that number by the starting amount. After you raise the number by a power, there may be a lot of numbers behind it. Whatever you do, DO NOT delete the number. Keep it there and multiply it by the principal.
Answer:
y = -5/4x - 4
Step-by-step explanation:
The equation they give you is in slope intercept form. y=mx+b. The m is the slope (-5/4). Since they want a parallel line you keep the same slope for point slope form. Point slope formula is y-y1=m(x-x1). the y1 and x1 are where you plug in the coordinates they give you.
y - 1 = -5/4x (x + 4)
y - 1 = -5/4x - 5
y = -5/4x - 4
A 100 m
B 900m
C -5,100m
D- 8,800
