Answer:
y=x+1
Step-by-step explanation:
As you can see, the slope is clearly 1 and the line starts at (0, 1), which is its y-intercept.
Plug the variables into this formula: y=mx+b, then you will get y=x+1.
<span>If x = Jamal's age , 2x = Wilma's age , x - 3 = Tim's age.
The sum of the ages is 17.
Jamal's age is 5
Wilma's age is 10
Tim's age is 2
Hope this helps!</span>
Answer:
$14.9
Step-by-step explanation:
Step one:
given data
we are told that Emma borrowed $89.40 from her sister to pay her back in 6 months.
let us solve for the amount she is to pay her sister every month.
amount to be paid per month= 89.40/6
=$14.9
So that every month she pays back her sister $14.9
we don't know her balance but every month there will be a deduction.
Hence the monthly change in her balance is reflected by a deduction of $14.9
Answer:
there is an economic principle that states that 1 dollar today is worth more than 1 dollar in the future, since an invested dollar could earn interests and gain value.
For example, we can assume a 6% interest rate (0.5% monthly interest rate), and using the present value formula we can determine the present value of $100:
- given to us in 30 days = $100 / (1 + 0.5%)¹ = $99.50
- given to us in 150 days = $100 / (1 + 0.5%)⁵ = $97.54
- given to us in 300 days = $100 / (1 + 0.5%)¹⁰ = $95.13
In order to calculate the value of $100 given to us tomorrow, we would need to determine a daily interest rate = 6% / 360 = 0.00017
- $100 given to us tomorrow = $100 / (1 + 0.00017)¹ = $99.98
since the amount of money is not that large and the interest rate is rather low, the difference in value is not that large. But imagine if you used a 24% interest rate instead of 6% (monthly interest rate = 2%)
- $100 given to us in 30 days = $100 / (1 + 2%)¹ = $98.04
- $100 given to us in 150 days = $100 / (1 + 2%)⁵ = $90.57
- $100 given to us in 300 days = $100 / (1 + 2%)¹⁰ = $82.03
as the interest rate increases, the present value decreases.
