Answer:
Interest rate = 2.41%
Step-by-step explanation:
The total value of an investment was $305.33 after $240 was invested for 10 years compounded monthly. Find the interest rate.
The formula to calculate the Interest rate for a Compound Interest is given as:
Solving for rate r as a decimal
r = n[(A/P)^1/nt - 1]
r = 12 × [(305.33/240.00)^1/(12)(10) - 1]
r = 0.0240996
Then convert r to R as a percentage
R = r * 100
R = 0.0240996 * 100
R = 2.41%/year
Therefore, the Interest rate = 2.41%
Answer:

Step-by-step explanation:
Use the distributive property of equality to multiply and get:

Simplify by combining like terms to get your end result:

Answer:
1.21
Step-by-step explanation:
-0.29 + 1.5 = 1.21
The graphs are identical and intersect at infinitely many points.
This is because 2(2x+3) is the same as 4x+6
Distribute the outer 2 to each term inside
2 times 2x = 4x
2 times 3 = 6
So 2(2x+3) simplifies to 4x+6
Or you can think of 4x+6 factoring to 2(2x+3)