Answer:
The annual interest rate is 12.05%.
Step-by-step explanation:
The simple interest is given by the formula:
Where I denotes interest.
P denotes the principal amount.
R denotes the rate of interest
and T denotes the time period.
I=$160.67, P=$2000, t=8 months=8/12 years (Since 12 months=1 year so 1 month=1/12 year)
Hence, the annual interest rate is 12.05%.
Answer:
none of the above
Step-by-step explanation:
You can try the points in the equations (none works in any equation), or you can plot the points and lines (see attached). <em>You will not find any of the offered answer choices goes through the given points</em>.
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You can start with the 2-point form of the equation of a line. For points (x1, y1) and (x2, y2) that equation is ...
y = (y2 -y1)/(x2 -x1)·(x -x1) +y1
Filling in the given points, we get ...
y = (3 -1)/(2 -4)·(x -4) +1
y = 2/(-2)(x -4) +1 . . . . . simplify a bit
y = -x +4 +1 . . . . . . . . . simplify more
y = -x +5 . . . . . . . . . . . slope-intercept form
