Because the decimal is over 40 the answer is 15
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.
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Answer:
The point will come in III quadrant
Step-by-step explanation:
The graph is as follows:
Given :
Rain is falling at 0.5 inches per hour and 1.5 inches have already accumulated.
To Find :
How many hours must have passed if there are 5 inches of rain .
Solution :
Let , after x hours rain accumulated is 5 inches .
We know , general equation of line :
y = mx +c
Here , m = 0.5 and c = 1 .
So , equation of rain accumulated is :

Now , putting value of x = 5 hours .
We get :

Hence , this is the required solution .