Answer:
The correct option is B.
Step-by-step explanation:
The amount of money, in dollars, in a savings account after x years is given by 
This above equation represents that $10000 becomes M(x) after x years at a rate of interest 3% compounded in each year.
Therefore, the value in the expression 1.03 represents that there is a 3 percent increase in the savings account each year.
So, the correct option is B. (Answer)
120-(120*20%) = 120-24 = 96
Natasha paid $96.
0.8p represents how much the price was when Natasha paid.
Answer:
C) Domain is {2}, Range is {2, 3}
Step-by-step explanation:
For one value of x there are two values of y, which contradicts the definition of a function.
Definition of a function:
A function is an equation for which any x that can be plugged into the equation will yield exactly one y out of the equation.
<em>All the other options follow this definition except C</em>
Answer:
effective annual rate is 6.16 %
Step-by-step explanation:
given data
rate = 6 % = 0.06
time 5 year = 10 semi annually
to find out
effective annual rate
solution
we know formula for annual effective rate of interest is
rate of interest = 
-1
put here all value
rate of interest = 
-1
rate of interest = -1
rate of interest = 0.061646
so effective annual rate is 6.16 %
