Answer:
Step-by-step explanation:
Equation of a line is given as:
y = mx + b
Where
m is the slope
and
b is the y-intercept (y-axis cutting point)
Since we know slope is -4, we can write:
y= mx + b
y = -4x+ b
Given the point (-2,7) , we can say:
x = -2
and
y = 7
Plugging these 2 values, we can solve for b:
y = -4x + b
7 = -4(-2) + b
7 = 8 + b
b = 7 - 8
b = -1
Now, we have the equation:
Answer:
Compount interest earns more. Difference between 2 interest is $92 445.39
Step-by-step explanation:
Simple Interest:
p = $10000
r = 3%
t = 2years
I = (10000×3×2)/100
= $600
Total amount = $10 600
Compound Interest:
p = $100000
r = 3/730 (daily)
t = 730 (2yrs)
A = 100000[1+(3/73000)]^730
= $103 045.39 (2d.p)
Difference = $103045.39 -
$10600
= $92 445.39
(Correct me if i am wrong)
<em>Look</em><em> </em><em>at</em><em> </em><em>the</em><em> </em><em>attached</em><em> </em><em>picture</em><em>⤴</em>
<em>Hope</em><em> </em><em>this</em><em> </em><em>will</em><em> </em><em>help</em><em> </em><em>u</em><em>.</em><em>.</em><em>.</em>
