Year Net Profit
1 <span>$14,250.00
2 $15,390.00
3 $16,621.20
4 $17,950.90</span>2
We need to get the increase of the net profit of the current year from the previous year.
Percentage increase = (Current year - Previous Year)/ Previous Year * 100%
Year 2: (15,390 - 14, 250) / 14,250 * 100% = 0.08 * 100% = 8%
Year 3: (16,621.20 - 15,390) / 15,390 * 100% = 0.08 * 100% = 8%
Year 4: (17,950.90 - 16,621.20) / 16,621.20 * 100% = 0.08 * 100% = 8%
Every year the net income increases by 8%. So, the net income in Year 5 will be:
17,950.90 x 1.08 = 19,386.97 Choice D.
The reason is because she didn't survey the school, but only surveyed her class, and to add to that It didn't say it was a random selection of students. Juliet concludes that short stories is the favorite type of book of the students in her school because 80% of the students in her class like short stories. Just because most of her class chose short stories she believes the rest of the school will have the same choice.
For this you can just use a calculator and divide 2587.5 by 1150.
You should get $2.25 for the unit price. Hope this helped ^-^
Slope (m) = 1
Y-intercept (b) = -4
Formula: y = mx + b
To put it in the y=mx+b formula, you just have to plug it in so the answer would be...
y = 1x + -4
Hope that helped