Answer:
a
Step-by-step explanation:
Answer:
3%
Step-by-step explanation:
1. Set up the equation
6(0.18) + 12x = 18(0.08)
2. Simplify
1.08 + 12x = 1.44
3. Solve
12x = 0.36
x = 0.03
0.03 = 3%
In 20 years a family will be able to earn 35 450 dollars. The interest that they earned is 5.5% compounded monthly. Now, let's find out how much will they need to save monthly to get this amount in 20 year:
=> 12 * 20 = 240 months
=> 35 450 / 240 months = 147.7 dollars per month is the money with interest
Let's subtract the interest
=> 147.7 * 0.055 = 8.1 dollars.
=> 147.7 - 8.1 = 139.6 dollars per month.
The slope is rise over run
The rise is 1
The run is 2
So the slope would be 1/2