The graph shows the maximum residual is ...
◉ Data point (10, 10); Residual = 4.50_____
Apparently, this question makes no use of the line of best fit.
Answer:
Total amount that Matthew's bank will receive is $10099.81.
Step-by-step explanation:
We need to find the amount Matthew's bank will receive after lending him $8,000 for four years at an interest rate of 6 percent, compounded annually.
The formula for compound interest is:
Where A = future value
P= Principal Amount
r = interest rate
and n= time
So in the question we are given:
P= $8000
r = 6% or 0.06
t = 4 (since 4 yeras compounded annually)
A= 8000*(1+0.06)^4
A= 8000*(1.06)^4
A= 10099.81
So, total amount that Matthew's bank will receive is $10099.81.
<span>25.7 years
The rule of 72 is a simple approximation on how long it will take to double your money. You simply divide 72 by the interest rate and you'll have your estimate on the number of years it will take. So
72 / 2.8 = 25.7 years.
To demonstrate that it's just an estimate, you can take the log of 2 and divide by the log of 1.028 to get the exact value. This far more complicated calculation gives the result of 25.1 years. And to be honest, the estimate of 25.7 years is more than close enough for such an quick and easy rule of thumb.</span>
Answer:
Y = 27.
Step-by-step explanation:
40 - 13 = 27. If we check our math 13 +27 does equal 40 making the equation correct.
