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2 answers:
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The money in the Felix's account will be $6798 when he is 21.
<u>Step-by-step explanation:</u>
It is given that,
- The amount deposited is $2000.
- The account earns 6% compound interest.
- It is compounded annually for 21 years.
<u>To find the money in Felix's account after 21 years :</u>
The formula used here is,
⇒
where A is the amount after 21 years.
- P is the initial amount deposited ⇒ P = 2000
- r is the rate ⇒ r = 0.06
- n is the number of times interest is compounded per year⇒ n = 1
- t is the time period ⇒ t = 21
⇒
⇒
⇒
⇒
Therefore, The money in the Felix's account will be $6798 when he is 21.
Answer:
Option C is the answer.
Step-by-step explanation:
To find the equation of the straight line equation i.e, we must be given with the two points and
Since from the graph the two points closest to the line are and
Equation of line with two points closest to the line :
where m is the slope.
First we find the slope(m)=
on simplify we get, .
Now, to find the equation of the line:
Apply distributive property on right hand side, we get
Adding both sides by 36, we get
.
The equation for the linear model in the scatter plot obtained by the two closest point closest to the line is,