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Nimfa-mama [501]

3 years ago

7

PLEASE PLEASE PLEASE HELP! ( show your work please )

1 answer:

neonofarm [45]3 years ago

8 0

The relationship is linear because x is increasing at a constant rate of 6, and y is decreasing at a constant rate of 3.
The equation of the line is y+4=-1/2(x-1).
The answer is A

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andrew-mc [135]

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Jim places $10,000 in a bank account that pays 9.8% compounded continuously. After 2 years, will he have enough money to buy

OLga [1]

Answer:

9.8% compounded continuously is a better deal

Step-by-step explanation:

Given that Jim wants to buy a car which costs 12160 after 2 years.

He has two options before him,

i) 9.8% compounded continuously

ii) 10% compounded semiannually

Principal he has is 10000 dollars

Hence we have

Value after 2 years for option i) = $10000e^{0.098(2)} \\=12165.27$

(after rounding off to two decimals)

Option ii)

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Final amount = $10000(1+\frac{10}{200} )^{4} \\=10000(1.05)^4\\= 12155.06$

(after rounding off to two decimals)

Comparing we find sufficient cash is provided by option I

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