9514 1404 393
Answer:
D. -17%
Step-by-step explanation:
The change from March to April is (April - March) = (100 -120) = -20. As a fraction of the March bill, that is ...
-20/120 = -1/6
As a percentage, that change is ...
-1/6 × 100% ≈ -16.667% ≈ -17%
The electric bill changed by about -17% from March to April.
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<em>Additional comment</em>
Water went up 4%; groceries went up about 14%, and restaurant changed by -15%.
The percentage change is found by ...
% change = ((new amount)/(original amount) -1) × 100%
Above, we have rearranged this to ...
% change = ((new amount) -(original amount))/(original amount) × 100%
Slopt in form ax+by=c is -a/b
-3/3=-1
slope is -1
intercept in form ax+by=c is c/b
63/3=9
slope is -1
intercept is at y=9
Answer:
With monthly compounding, the bank will calculate interest on your account just once per month. It will not update your balance on a daily basis when it calculates how much interest it owes you. Assuming that the APR is the same, accounts with monthly compounding offer a lower APY than accounts with daily compounding.
