X axes are supposed to be positive and the y is negative.
Answer:
Step-by-step explanation:
The formula for simple interest is expressed as
I = PRT/100
Where
P represents the principal
R represents interest rate
T represents time in years
I = interest after t years
From the information given
T = 8 months = 8/12 = 2/3 years
P = $3000
R = 9.3%
Therefore
I = (3000 × 9.3 × 2/3)/100
I = 18600/100
I = $186
The maturity value (in dollars) of this loan would be
3000 + 186 = $3186
Answer:
n=6
Step-by-step explanation:
Answer:
-1
Step-by-step explanation:
Slope formula: (y₂ - y₁) / (x₂ - x₁)
= (2 - 1) / (1 - 2)
= -1
