Answer:
$25,193.17
Explanation:
Given:
• Principal Felipe borrowed, P=$8000
,
• Annual Interest Rate, r=16.5%=0.165
,
• Compounding Period, k=12 (Monthly)
,
• Time, t=7 years
We want to determine how much he will owe after 7 years.
In order to carry out this calculation, use the compound interest formula below:
Substitute the values defined above:
Finally, simplify and round to the nearest cent.
After 7 years, Felipe will owe $25,193.17.
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Answer:
First, we have to find slope. We do that by using slope formula. Once we have found slope, we have start to write our equation in slope-intercept form. To get the complete equation, we need to find the y-intercept. To do so, we simply plug in one of the coordinates given to us into our half-formed equation. We should be able to find the y-intercept and then have our complete linear equation once we write it all out.
Step-by-step explanation:
Slope-Intercept Form: y = mx + b
Slope Formula:
Answer:
Follows are the solution to this question:
Step-by-step explanation:
Following are the differential equation:
In equation:
80 in word form
Eighty
Hope this helped!