So what you do is multiple 14000x.06 which is 860 dollars per month now since there is 12 months in a year and ten years multiple 10x12 which is 120 so then multiply 120x860 because its 6 percent of 14000 is 860 so then that’s how much is put in each month after ten years which is 120 months you multiply them together to get 100,800
Answer:
Step-by-step explanation:
The first one is in standard form;
the second one is in point-slope form;
the third one is in slope-intercept form;
the last one is in standard form
These are all lines, so as you can see, there are 3 different formats for writing the equation of a line.
Answer:
It is D.
Step-by-step explanation:
x ≤ 3 or x ≥ –1
The simple interest rate is 4.7%
<h3>How to determine the
simple interest rate?</h3>
The given parameters are:
Principal = $2100
Interest = $1,559.46
Time = 15.8 years
The simple interest is calculated as:
I = PRT
Make R the subject
R = I/(PT)
So, we have:
R = 1559.46/(2100 * 15.8)
Evaluate
R = 0.047
Express as percentage
R = 4.7%
Hence, the simple interest rate is 4.7%
Read more about simple interest at:
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