Answer:
Step-by-step explanation:
A. I. Slope = -1438.80
ii. Unit of slope = dollar($)/year(yrs)
iii.
B. i. Intercept = 21,857
ii. Unit of intercept = dollar ($)
Answer:
Step-by-step explanation:
Answer:
2 to the power of one sixth
Step-by-step explanation:
Assuming you don't already know this, any type of root can be expressed as an exponent. Generally speaking:
![\sqrt[n]{x} = {x}^{ \frac{1}{n} }](https://tex.z-dn.net/?f=%20%5Csqrt%5Bn%5D%7Bx%7D%20%20%3D%20%20%7Bx%7D%5E%7B%20%5Cfrac%7B1%7D%7Bn%7D%20%7D%20)
So you can rewrite the given fraction as
and then reduce as you normally would. That is, if the bases of the numerator and denominator are the same, then you can subtract the denominator's exponent from the numerator's exponent like so:
Since
the answer is
![{2}^{ \frac{1}{6} } \: or \: \sqrt[6]{2}](https://tex.z-dn.net/?f=%20%7B2%7D%5E%7B%20%5Cfrac%7B1%7D%7B6%7D%20%7D%20%20%5C%3A%20or%20%5C%3A%20%20%5Csqrt%5B6%5D%7B2%7D%20)
Answer:
Amount she would have in 2 years at a simple interest of is
$5000 + ($5000 x 0.048 x 2) = $5480
Amount she would have in 2 years at a 4.1 % / year compounded semi- annually is :
$5000 x ( 1 +0.041/2)^4 = $5422.78
the first option yields a higher value in two years when compared with the second option. Thus, the first option is the best one to choose
Step-by-step explanation:
Future value with simple interest = principal + interest
Interest = principal x interest rate x time
0.048 x 5000 x 2 = 480
future value = $480 + 5000 = $5480
The formula for calculating future value with compounding:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
5000 x ( 1 + 0.041 / 2)^(2 x 2) = $5422.78
