Edgar accumulated $5,000 in credit card debt. if the interest is 20% per year and he does not make any payment for 2 years. how much will he owe on this debt in 2 years by compounding continously?

$7,459.12

Step-by-step explanation:

The formula for continuous compounding is

A = Pe^(rt), where P is the original amount, A is the accumulated amount, r is the interest rate as a decimal fraction, and t is the number of years.  We want to know how much he will owe on this original $5,000 credit card debt after 2 years.

A = $5,000e^(0.20*2)

   = $7,459.12

y = 5x + 17

step-by-step explanation:

a perpendicular line will be the opposite reciprocal slope of the given equation.   the slope given is -1/5 so the opposite reciprocal is 5

find b:

7 = 5 (-2) + b

7 = -10 + b

17 = b

write equation

y = 5x + 17