Answer:
-5
Step-by-step explanation:
Answer:
B
Step-by-step explanation:
3000-1000 = 2000
600-200 = + 400
40 - 20 = + 20
8 - 3 = + 5
Reflexive property of Equality is your answer!
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Answer:
This is an exponential growth problem.
The growth rate is 4% (0.04).
The time is 10 years (10 years from 2005 to 2015)
A = P(1+i)t
A = amount spent in 2015
P = amount spent in 2005
i = interest rate expressed as a decimal
t = # years
A = 500(1.04)10
A = 500(1.480244)
A = 740.122 ==> 740 billion
Step-by-step explanation:
To get the effective interest rate (EIR) of the loan, determine first whether we will use a simple interest method or a discounted method. In this case, we will use a discounted method because the loan is a discounted one. In a discounted method, interest is deducted from the loan principal. So the formula will look like this:
EIR = Interest ÷ (Principal - Interest)
Before proceeding any further, solve first for interest. (assuming a 360-day year)
Interest = Principal × rate × interest
= $2950 × (100/360) × (0.085)
= $69.65
Thus, EIR can be computed as follows:
EIR = ($69.65 ÷ ($2950 - $69.65)) × 360
≈ 8.7%
Notice that the EIR was multiplied by 360 to return it to an annual rate.