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GuDViN [60]
2 years ago
10

Prem has $45000 to invest for 1 year. The bank tells him the interest rate is 6%. Calculate how much the investment is worth at

the end of the year…
1) If the interest is paid every 6 months
2) If interest is paid quarterly
Mathematics
1 answer:
il63 [147K]2 years ago
5 0

Answer:

1) $47,740.50

2) $47,761.36

Step-by-step explanation:

hope this helps :)

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Step-by-step explanation

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Step-by-step explanation:

Slope-intercept form:

y = mx + b

Where:

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x is the x value.

And b is the y-intercept.

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With the slope formula, you first need to choose two points.

I chose:

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Slope formula:

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m = (2 - (-1)) / (3 - 2)

m = 3/1

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y-int = -7

To solve algebraically, choose a random point on the line and plug it into what you have for your equation so far and then solve for b.

I chose:

(2, -1)

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