many credit card companies charge a compound interest of 1.8% per month on a credit card balance. Miriam owes 750 on a credit ca
2 answers:
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Answer:
A. -4
Step-by-step explanation:
Slope is rise over run, or y2-y1 / x2-x1.
<u>The slope is A. -4.</u>
Let's see--does that make sense? A slope of four would be pretty steep, and that matches the graph. It also should be negative because the line goes down and to the right, not up and to the right, so -4 makes sense!
<span>First year is 30,000.
</span><span>Earn 5% raise every year.
</span>Growth factor is 1.05 this sounds a lot like a geometric ratio.
An = A1 × r^(n-1)Sn = A1 × (1 - r^n) / (1-r)<span>n = 40
A1 = 30,000
A40 = $30,000 * 1.05^39 = $201,142.53
S40 = A1 * (1 - 1.05^40) / (1-1.05) which becomes:
S40 = 30,000 * -6.039988712 / -.05 which becomes:
</span>S40 = -181,199.6614 / -.05 which becomes:
S40 = $3,623,993.227
<span>The individual yearly calculations are shown below: </span>
</span><span>Earn 5% raise every year.
</span>Growth factor is 1.05 this sounds a lot like a geometric ratio.
An = A1 × r^(n-1)Sn = A1 × (1 - r^n) / (1-r)<span>n = 40
A1 = 30,000
A40 = $30,000 * 1.05^39 = $201,142.53
S40 = A1 * (1 - 1.05^40) / (1-1.05) which becomes:
S40 = 30,000 * -6.039988712 / -.05 which becomes:
</span>S40 = -181,199.6614 / -.05 which becomes:
S40 = $3,623,993.227
<span>The individual yearly calculations are shown below: </span>