Answer: the slope is 1
Step-by-step explanation:
This question seems to be a good example of why we need to learn math!
P=present value
i=interest rate = 0.02 per year
time, t=1 year
we need P such that
interest = Pit ≥ 9.99
or
P(.0002*1) ≥ 9.99
=>
P ≥ 9.99/0.0002 = 49950
Answer: it takes a minimum balance of $49950 to cover a "below minimum balance fee" of $9.99.
Both graphs A and B are linear. In both graphs, the y value is going up at a constant rate in comparison to their x values. For example, in graph A every time the x value is increased by 1 the y value is increased by 2 values showing that they have the same gradient. For a graph to be linear it must have a constant rate of increase or decrease.
Answer:
0.1
Step-by-step explanation: