Answer:
Step-by-step explanation:
the answer is C
Answer:
he needs 18 more dollars from his parents
Step-by-step explanation:
93-75=18 therefore he is missing 18 dollars
With annual compounding, the number of years for 1000 to become 1400 is 6.7 years
With continous compounding, the number of years for 1000 to become 1400 is 1.35 years
<h3>How long would it take $1000 to become $1,400?</h3>
With annual compounding, the formula that would be used is:
(In FV / PV) / r
Where:
- FV = future value
- PV = present value
- r = interest rate
(In 1400 / 1000) / 0.05 = 6.7 years
With continous compounding, the formula that would be used is:
(In 1400 / 1000) / (In e^r)
Where r = interest rate
((In 1400 / 1000) / (In e^0.05) = 1.35 years
To learn more about how to determine the number of years, please check: : brainly.com/question/21841217
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We know the equation of a line is y=mx+b. We know the slope (m) is -2 and all we need is the intercept (b).
Since we know one point, we can plug in 6 for x and 3 for y (along with -2 for m) in our equation and then solve for b.
3= -2*6 + b
3= -12 + b
15 = b
Since we now know the intercept we can now write our equation:
y= -2x + 15
