Write the equation from the line whose slope and the point through which it passes are given. Express the equation in point-slop
1 answer:
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We know that, Amount in Compound interest is given by :
Given : Principal = $2000
Given : Annual yield is 5% and the interest is compounded quarterly
It means : Interest is compounded 4 times in a year
Substituting all the values in the formula, we get :
Answer:
Step-by-step explanation:
I used this equation formula and just input the numbers given:
Where
P= final population
= original population
r = rate of growth
t = time
Hope this helps!