I=$24, P=$400, t=2 years The annual interest rate is %.
1 answer:
<em>So</em><em> </em><em>the</em><em> </em><em>right</em><em> </em><em>ans</em><em> </em><em>is</em><em> </em><em>3</em><em>%</em><em>.</em>
<em>Look</em><em> </em><em>at</em><em> </em><em>the</em><em> </em><em>attached</em><em> </em><em>picture</em><em>⤴</em>
<em>Hope</em><em> </em><em>it</em><em> </em><em>will</em><em> </em><em>help</em><em> </em><em>u</em><em>.</em><em>.</em><em>.</em>
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To answer this question we can propose the following equation:
Where:
x is the number of weeks elapsed.
d is the debt depending on the weeks.
Robert promised to pay at least $ 67 each week.
Therefore, after 5 weeks the debt of rober should be:
Then scenario A) is possible because .
After 6 weeks:
Then scenario B) is possible because .
After 7 weeks
Then scenario C) is possible because .
After 8 weeks
So scenario D) is NOT possible because
Finally the correct answer is option D.