Find the distance between the two points. Imagine a right triangle connecting the two points. Hint: Find the base of the triangl
1 answer:
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The amount that is the closest to the account balance at the end of 4 years is given by: Option B: $5,860. 53 (approx)
<h3>How to calculate compound interest's amount?</h3>If the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time for that compound interest, then the interest amount earned is given by:
The final amount becomes:
For the considered case, we're given that:
- Initial amount Laura deposited = $5,500 = P
- Type of interest: Compound interest
- Unit of time: Annually
- Rate of interest = 1.6% annually = R
- Total unit of time for which amount is to be calculated: 4 years = T
The final amount at the end of 4 years in the considered account of Laura is evaluated as:
Thus, he amount that is the closest to the account balance at the end of 4 years is given by: Option B: $5,860. 53 (approx)
Learn more about compound interest here:
In the given equation, as the value of <em>y</em> increase, the value of <em>x</em> also
increases.
- Yes, 4·y = 16·x is a direct variation
Reasons:
A direct variation is a relationship that exists between two variables. It is
also known as a direct proportion which can be expressed as; y = k·x
Where <em>k</em> is a number
The given equation is 4·y = 16·x
Dividing both sides by 4 gives;
Which gives;
y = 4·x
Comparing the above equation with the equation for a direct variation gives;
y = 4·x
y = k·x
Therefore;
k = 4
The equation, y = 4·x, and therefore, the equation from which it is derived, 4·y = 16·x, is a direct variation.
Learn more about direct variation here: