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Devon’s mother borrowed $4,000 to have some repairs done on the house. The bank is charging 9% simple annual interest on the loa
2 answers:
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Answer:
Slope: 4/5
Point: (-3|-6)
Answer:
Option A.
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above