Answer:
a. This data best fits an exponential model.
b. The regression equation would be: y = 8385(1.12)^x
c. The y-intercept would be the starting value of the account.
d. Yes, the correlation coefficient is 0.9983.
e. If you input 6 into the equation, you will get a value of $16,550.
Step-by-step explanation:
I hope this helps, and I would appreciate the brainiest asap.
Answer:
200 oz
Step-by-step explanation:
Just use the equation
0.32x=200
Answer:
hmmmm. probably 2? I think it's two
Answer: it would be worth $11925 when it matures after 7 years.
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount invested in the CD.
R represents interest rate on the amount invested in the CD.
T represents the duration of the investment in years.
From the information given,
P = $10,000
R = 2.75%
T = 7 years
I = (10000 × 2.75 × 7)/100
I = $1925
Therefore, the worth of the CD in total at the end of 7 years when the CD matures is
10000 + 1925 = $11925