Which statement defines the term mark up
1 answer:
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Step-by-step explanation:
Let's look at what we know. We know that...
P=2000
r=0.04 (Change 4% to a decimal)
t=7 (25 years minus 18 years equals 7)
n=1
Since we are compounding each year, we need to use this equation:
Now just plug the numbers in: (Answer to #1:)
This equals 2631.86
When we round, this equals to $2,632. (Answer to #2).
Answer:
Step-by-step explanation:
Perpendicular lines are lines which intersect at 90 degrees which have negative reciprocal slopes. The slope of the line y = 3/2x + 2 is 3/2. The slope of the line perpendicular to it will be -2/3. Substitute m = -2/3 and (6,-3) into the point slope form of a line.