Question 1: The y-intercept is where the line crosses the y-axis. The increments of the y-axis is by 20, and the y-intercept is at (0, 20).
The slope is the change in y over the change in x. Find two points:
(0, 20) and (2, 80)
Now:
(80 - 20)/(2 - 0) = 60/2 = 30
Slope-intercept form is y = mx + b, where m is the slope and b is the y-intercept.
So:
y = 30x + 20
Question 2: Again, look for the y-intercept, which is pretty clear. It's (0, 60).
Now find two points:
(0, 60) and (2, 40)
Find the slope:
(40 - 60)/(2 - 0) = -20/2 = -10
So, the equation is:
y = -10x + 60
And, there you go!
26.270833 was not sure about the first one but the seconed one was 14
The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Answer:
9 years old
Step-by-step explanation:
