We'll have to assume that interest is charged annually.
interest = i = p*r*t, where p is the initial amount ($25000), r is the annual interest rate as a decimal fraction, and t is the length of time, in years.
Then $2625 = $25000*0.035*t. Solve for t:
$2625
------------ = 0.035t = 0.105. Dividing both sides by 0.035, we get
$25000
t = 3 years (answer)
Answer:
y = 3x +4
Step-by-step explanation:
The equation for the parallel line will have the same x- and y-coefficients, but a different constant. You can put the given point values into the equation to see what the constant needs to be:
y = 3x + b
10 = 3·2 + b . . . . . . substitute x=2, y=10
4 = b . . . . . . . . . . . . subtract 6
The equation of the line is ...
y = 3x +4
Bare with me a minute, I am still trying to figure it out. Here is what I have so far.
The answer is lizeth earns 0.35 cents more per hour. beacuse 66 divided by 8 =8.25 then 68.80 divided by 8 is 8.60 then if you subtract 8.60-8.25 it equals 0.35