Answer:
Step-by-step explanation:
<u>Compound Interest</u>
This is a well-know problem were we want to calculate the regular payment R needed to pay a principal P in n periods with a known rate of interest i.
The present value PV or the principal can be calculated with
Solving for R
Where Fa is computed by
We'll use the provided values but we need to convert them first to monthly payments
Thus, each payment is
Step-by-step explanation:
Since both lines intersect each other 3 units above the x-axis, the y-value of the point of intersection must be 3.
Looking at the options, (-3, 5), (3, -2) and (0, -3) are all invalid points.
2.50$ is the better deal. If you times 0.70$ to 5 it is 3.5$ which is more expensive
Yo sup??
we can simply try option verification for this problem.
when x=0 we get,
1 and 1≠5 therefore x=0 is not a solution.
when x=1 we get
√6-1≠5 therefore x=1 is not a solution.
when x=16 we get
9-4=5 therefore x=16 is a solution
Hence the correct answer is option C
Hope this helps.
