Answer: A) 248 dollars
B) 2 dollars every month
Step-by-step explanation:
Answer:
y=
x+1
Step-by-step explanation:
First, let's do the easiest part, finding the y-intercept, which shows up at the end of your slope intercept equation, y=mx+b, where slope is rise over run!
- Simply look for where the coordinate is on the y-intercept, which is at y = 1!
Then, we need to find our rise over run, which is basically counting from point a to point b. To get to the lower coordinate from the top, we go down two (-2), and over 4. Which means we "rose" -2, and "ran" 4! It's -2 because we went DOWN, and positive 4 because we went FORWARD. This gave us 2 over 4, which is the same as 1 over 2!
:D
Answer:
$29,045.69
Step-by-step explanation:
The total amount accrued, principal plus interest, with compound interest on a principal of $25,000.00 at a rate of 3% per year compounded 365 times per year over 5 years is $29,045.69.
A = P(1 + r/n)nt
A = 25,000.00(1 + 0.03/365)(365)(5)
A = 25,000.00(1 + 8.2192E-5)(1825)
A = $29,045.69
Answer:
Step-by-step explanation:
