<span>Compound Interest is calculated on the initial payment and also on the interest of previous periods.
So after 1 year w/ 5% interest, $10 -> $10*1.05 = $10.5
after 2 year, the total becomes $10.5*1.05 = $11.025
formula to calculate is 10*(1.05)^50 = $114.67
ans is A</span>
Answer:
y = 1/4x + 1
Step-by-step explanation:
y = 1/4 x + b
take the point and plug it into the formula to solve for b
2 = 1/4 (4) + b
2 = 1 + b
b = 1
1.53 rounded to the nearest tenth is 1.5
Answer:
y - 3 = 2/3(x + 2)
Step-by-step explanation:
slope = 2/3
point-slope form --> y - y1 = m(x - x1)
y - 3 = 2/3(x - -2)
y - 3 = 2/3(x + 2)
point slope form of the line is y - 3 = 2/3(x + 2)
Answer:
C
Step-by-step explanation:
