Answer:
y = 6
Step-by-step explanation:
Find the y intercept (b) by plugging in (x,y) and m into y = mx + b
6 = 0 (-2) + b
6 = b
The equation will be y = 0x + 6 OR y = 6
Answer:
Monthly Living Expense = 2375
Monthly Fixed Expense = 1975
Step-by-step explanation:
Let monthly living expense be "x"
and monthly fixed expense be "y"
<u>"monthly living expenses were 400 more than his monthly fixed expenses":</u>
x = 400 + y
<u>"Richard total monthly expenses were 4350":</u>
x + y = 4350
Putting Equation 1 in Equation 2:
(400 + y) + y = 4350
400 + 2y = 4350
2y = 3950
y = 1975
Now, x = 400 + y = 400 + 1975 = 2375
Answer:
The correct answer is B. The rate of 7% compounded quarterly is better.
Step-by-step explanation:
In the case of investment at 7% compounded quarterly, the final result after 4 years of investment arises from the following calculation:
X = 7000 x (1 + 0.7 / 3) 4x3
X = 9,232.16
Therefore, after 4 years of investment, the amount in the account would be $ 9,232.16.
In turn, in the case of the investment at 6.85% compounded monthly, the final result after the same investment period arises from the following calculation:
X = 7000 x (1 + 0.685 / 12) 4x12
X = 9,199.33
Thus, in this case, the amount in the account after 4 years of investment would be $ 9,199.33.
$1337 * 0.04 * 14 = <span>748.72
answer is </span><span>B)
$748.72 </span>
