First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
M=2
The slope intercept form is y=Mx+b,where m is the slope and b is the y intercept y=Mx+b
Using the slope intercept form the slope is 2 m=2
All lines that are parallel to y =2x-5 have the same slope of 2
M=2
Answer:
7 sheets of paper
Step-by-step explanation:
$40-$19=$21
$21/$3=7 sheets of paper.
In words:
I did 40 minus 19 to get 21, and the divided 21 by 3 to get 7 sheets of paper.
Check the attached file for the answer.
