A) 36 is your correct answer thank you
there are no statements to see of they are correct
<u>Explanation:</u>
The rate is 8. It's attached to the "x". When graphed, 8 is the slope.
The y-intercept represents the initial value, or the starting amount of money in Rose's bank account.
Answer:
0.08, or 8%
Step-by-step explanation:
The appropriate formula is i = p*r*t, where p is the principal, r is the interest rate as a decimal fraction, and t is the time in years.
We want to calculate r when i, p and t are known.
i
Solving i = p*r*t for r, we get r = ------------
p*t
The interest rate in this case is
$1600
r = ---------------- = 0.08, or 8%
$5000*4
