Answer Interest rate = 12.3%
The compound interest formula is given by:
Where
A = Future amount
P = Present amount (Principal amount)
r = Interest rate in decimal form
n = No. of times compounded per year
t = time in years.
We can say that if:
Present amount = P
Future amount = 3P
r = 12.3/100 = 0.123
n = 1
t = ?
Substitute the values in the formula of compound interest:
Taking log on both sides.
Round off to nearest option
t ≅ 9 years
Answer:

Step-by-step explanation:

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Answer:
B. y = 0.097x + 11.142
Step-by-step explanation:
In order to find the best equation to descibe the housing price, we have to calculate the slope of the line first.
The equation of the line can be written as

where m is the slope and q the y-intercept.
In order to have the most accurate estimate for the slope, we use the first point and the last point, that are:
(1900, 196)
and
(2200, 225)
The slope of the line is calculated as:

So, the slope of the line is 0.097.
Therefore, the correct option is the only one having a slope of 0.097, which is:
B. y = 0.097x + 11.142
Answer:
C
Step-by-step explanation:
It's the mean, I hope this helps! :)