Which equation represents the line that passes through the points (0, 3) and (2,6)
2 answers:
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Gradient =
This means the gradient is 4x.
The y intercept is where the line crosses the y axis. We can see this is at -3.
<h2>Rule: <u>y = 4x -3</u></h2>Substitute your values to check if it's right.
y = 4x -3
5 = 4(2) - 3
5 = 8 - 3
5 = 5
1 = 4(1) - 3
1 = 4 - 3
1 = 1
Using compound interest and continuous compounding, it is found that Lincoln would have $15,856 more in his account than Eli.
<h3>What is compound interest?</h3>The amount of money earned, in compound interest, after t years, is given by:
In which:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
Hence, for Lincoln, we have that the parameters are as follows:
P = 49000, r = 0.06125, n = 365, t = 20.
Hence the amount will be of:
The amount is given by:
For Eli, we have that r = 0.05625, hence the amount will be given by:
It is given by:
Lincoln would have $15,856 more in his account than Eli.
More can be learned about compound interest at brainly.com/question/25781328