Answer: 8 years
Step-by-step explanation:
You can find this out use the Rule of 72. By dividing 72 by the fixed interest rate, you can estimate the amount of time it will take for an investment to double in size:
= 72/10
= 7.2 years
= 8 complete years
Example:
Assume they invested $1,000. Interest rate is 10%.
Amount after 8 years will be:
= 1,000 * (1 + 10%)⁸
=$2,143.59
<em>Investment is now more than double. </em>
Answer: -23
Step-by-step explanation:
C I think if it’s wrong I’m sorry
I used scatter plot graph in the insert graph function of excel and added a trend line that shows the equation of the line of best fit and the r.
The line that can be applied in this function is linear with an equation of y = 3800.6x - 5223.6 and the regression is r² = 0.8925. The y intercept represents when the starting point of a line starts. It is a strong correlation since the value of r² that is equal to 0.8925 is close to 1. We can solve the value of the investment after 6 years using the equation above.
y = 3800.6x - 5223.6
y = 3800.6(6) - 5223.6
y = 17,580
Answer:
see the attachment
Step-by-step explanation:
A "line of best fit" generally has about as much data above the line as below it. If the data has any trend, it generally follows the trend.
The best choice here is B.
