Mr. Anderson put $1,000 into an account that draws 6.5% interest compounded continually. How much money will be in the account i
n 30 years if he makes no deposits or withdrawals? *
A $ 4,868.8
B $7,028.69
C $6,614.37
D $5,287.65
A $ 4,868.8
B $7,028.69
C $6,614.37
D $5,287.65
2 answers:
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Answer:
y = 18.1x ; and y = 18x
Explanation:
The rate of change in Relationship B can be found by using the formula for slope:
Using the first two points, we have
We know that Relationship A has a lesser rate than this. The choices given for Relationship A are written in slope-intercept form, y=mx+b, where m is the slope and b is the y-intercept (in this case b = 0).
The slope of the first equation is 18.1; this is less than 18.25.
The slope of the second equation is 18.6; this is greater than 18.25.
The slope of the third equation is 18.3; this is greater than 18.25.
The slope of the fourth equation is 18; this is less than 18.25.