Base on my calculations, the answer is not in the choices given. First, we have to acknowledge that the interest rate given is not the effective interest rate instead it is called the nominal interest rate therefore we have to convert it first to an effective interest rate. We use the following formula:
Effective Interest rate = [[1 + (r/m)]^m] - 1 where r is the nominal interest rate and m is the number of compounding times
For this case, m is equal to 2 since it is compounded semianually.
Effective Interest rate = [[1 + (.12/2)]^2] - 1 = .1236
We then use the calculated effective interest rate to the formula for the Compound Interest Rate Formula.
Future Value = Present Value (1 + Effective interest rate)^(no. of years)Future Value = 3000 (1 + .1236)^( 3) = 4255.56 dollars
Answer: 26 4/5 miles pee gallon
Step-by-step explanation:
From the question, we are informed that Jack drove 33 1/2 miles and that he used 1 1/4 gallons of gasoline. The unit rate for miles per gallon will be calculated by dividing 33 1/2 by 1 1/4. This will be:
= 33 1/2 ÷ 1 1/4
= 26 4/5 miles per gallon
I hope this helps you
9.8.7!-7!
7! (72-1)
7!.71
Answer:
y = 2x - 1
Step-by-step explanation:
The given line is y = 2x - 6.
It is in the y = mx + b form, where m is the slope, so its slope is 2.
We need a line that passes through point P(3, 5) and has slope 2.
y = mx + b
Put the slope in m.
y = 2x + b
Use the given point with x = 3 and y = 5 and solve for b.
5 = 2(3) + b
b + 6 = 5
b = -1
The equation is
y = 2x - 1
would be equal 
.