Answer:
396
Step-by-step explanation:
Parallel lines has equal slopes, so a line parallel to y = 1/2x + 6 will have a slope of 1/2.
The equation of a line passing through a point (x1, y1) with a slope, m, is given by: y - y1 = m(x - x1)
y - 2 = 1/2(x - 0)
y = 1/2x + 2
Given that Dan borrowed $1,250.00 from his brother who is charging him 5% simple interest. Now we have to find the total payment that he needs to payback including interest. Hence we can use simple interest formula
I=PRT
Where P= 1250
R=5% =0.05
T=18 months = 18/12 = 1.5 years
Now plug these values into above formula
I=PRT=1250*0.05*1.5=93.75
So total payment including interest = 1250+93.75=1343.75
Hence final answer is $1343.75.
Formula works when n=1
Assume the formula also works, when n=k.
Prove that the formula works, when n=k+1
Since the formula has been proven with n=1 and n=k+1, it is true.
and surely you know how much that is.