These quantities are related linearly with slope
3/2. without knowing the answer choices I can only give you examples of equations that fit
y-2=3/2(x-2). or y=3/2(x) -1
etc
Answer:
13.6
Step-by-step explanation:
$7881.18
Step-by-step explanation:
Let the initial Investment be
. The Interest is compounded on a monthly basis at 12% annual interest rate. After 17 years, the Investment amounts to $60,000.
As the annual interest rate is 12%, the monthly interest rate is 1%.
Since this is a compound interest problem, the total amount can be modeled as follows: 
Here
is the interest rate, i.e
, and t is the number of time periods, i.e
= 


∴ Initial Investment = $7881.18
Answer:2
Step-by-step explanation: