Answer:
$11,991.60
Step-by-step explanation:
An appropriate formula is ...
A = P(1 +r/n)^(nt)
where r is the annual rate, n is the number of time per year interest is compounded, and t is the number of year. P is the principal invested.
Filling in the given numbers, we have ...
A = $2000(1 +0.12/12)^(12·15) = $2000(1.01^180) ≈ $11,991.60
The account balance after 15 years will be $11,991.60.
The equation of the line in slope - intercept form is
Explanation:
From the graph, the given coordinates are and
We need to determine the equation of the line in slope intercept form.
The equation of the line can be determined using the formula,
First, we shall find the value of the slope.
The slope can be determined by substituting the points and in the slope formula, we get,
Thus, the slope is
Now, we shall substitute the coordinate and the slope in the formula , we get,
Thus, the equation of the line in slope intercept form is
Answer:
y = 1.2x – 3 or y =
6/5x – -3
Step-by-step explanation: