Answer:
Ox=14
Step-by-step explanation:
Answer:
Future Value= $112.72
Step-by-step explanation:
Giving the following information:
Initial deposit (PV)= $100
Number of periods (n)= 2*12= 24 months
Interest rate (i)= 0.06/12= 0.005
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 100*(1.005^24)
FV= $112.72
Answer:
13 and 7
Step-by-step explanation:
Answer:
The costs of the plan are $0.15 per minute and a monthly fee of $39
Step-by-step explanation:
Let
x ----> the number of minutes used
y ----> is the total cost
step 1
Find the slope of the linear equation
The formula to calculate the slope between two points is equal to

we have the ordered pairs
(100,54) and (660, 138)
substitute


step 2
Find the equation of the line in point slope form

we have

substitute

step 3
Convert to slope intercept form
Isolate the variable y

therefore
The costs of the plan are $0.15 per minute and a monthly fee of $39