Answer:
(0,4)
Step-by-step explanation:
The y intercept is where the x value is zero
x=0 and y =4
The y intercept is (0,4)
Assuming he had not dealt with the bank offering plan B before, he has nothing deposited two years back. Hence plan B only gives him only 0.2% annual interest for his deposit.
Plan A gives 0.25% for his deposit all the time.
So plan A is more advantageous.
For durations,
To reach $1,000,000 from $100,000, the money needs to grow 10 fold, or
(1+i)^n=10
n=log(10)/log(1+i).
So for plan A:
n=log(10)/log(1.0025)=922.18 years, while for
plan B
n=log(10)/log(1.0020)=1152.44 years.
Hope the bank(s) still exist at that time.
Answer:
The slope of this graph is 3.5
Step-by-step explanation:
Because 28/8=3.5
Answer:
13 1/2
Step-by-step explanation:
9 ÷ 2/3
Copy dot flip
9 * 3/2
27/2
Change from an improper fraction to a mixed number
2 goes into 27 13 times with 1 left over
13 1/2
