7,38 is the y intercept I think. But it is a big number so I'm not sure if I'm right. I can't figure out x though
Answer: $11,839.16
<u>Step-by-step explanation:</u>
Use the compounded annually formula: , where:
- A is the accumulated amount (total amount)
- P is the principle (amount invested)
- r is the interest rate (in decimal form)
- t is the time (length of time the principle amount was invested)
If you divide the dimensions of the given rectangle, you will get 48/4 which is 12 and 20/4 which is 5! So, it should be the third option/the option under the first option! Correct me if I’m wrong but I believe this is correct!
So, there is an exponential growth formula you use.
First, write the initial cost which is
60,000
Then write 1+ the percentage of growth rate which is 0.04 percent. Then, right the time as an exponent after certain amount of years.
60,000(1+0.04)^10
60,000(1.04)^10
Plug this in a calculator
it should be 88814.6571
I hope this helps.