Answer:
$172,984.44
Step-by-step explanation:
We can use the formula
to compute the final amount
Here P is the principal amount, the original deposit = $25,000
r is the annual interest rate = 6.5% = 0.065 in decimal
n is the number of times the compounding takes place. Here it is quarterly so it is 4 times a year
t is the number of time periods ie 30 years
A is the accrued amount ie principal + interest
Computing different components,
Therefore
Answer:
B. Yes, this is direct variation. Time is the independent variable, and miles driven is the dependent variable.
Step-by-step explanation:
In a direct variation, when the independent variable increase the dependent variable also increases. In this case, the independent variable is the time (time is always independent) and the miles driven by Steve is the dependent variable. This means, the miles driven increase as time pass.