If Michael invests $2000 in the bank at a rate of 5.5% for 6 years how much interest will he make?
1 answer:
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Answer:
Option C.
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
The slope of the linear regression equation y = 61. 93x - 1. 79 is attached with the response.
<h3>What is linear regression?</h3>Linear regression is the most primary and generally used predictive research. Regression calculations are utilised to represent data and to describe the association.
The slope of the linear regression equation represented in the graph is the straight-line cutting the intercepts on the y axis at 1.79.
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