Answer:
D- It would quadruple
Step-by-step explanation:
Find the slope first using m=y2-y1/x2-x1
-4-4/0-4 =2
The y intercept is when x=0.
One of the given points is (0,-4)
The y intercept is y=-4
We are given with an initial deposit of $20,000 and a future worth of <span>$35,000. In this case, we are asked for the return of income (ROI) of the investment. in this case, we assume the number of years equal to 1. hence,
</span>$35,000 = <span>$20,000* (1+i) ^1
</span>i or ROI then is equal to 0.75
Answer:
Step-by-step explanation:
Answer:
$308.20
Step-by-step explanation:
The simple interest formula i = p·r·t applies here:
($1675)(0.046)(4) = $308.20