Answer:
$121.51
Step-by-step explanation:
At 18.7%, the monthly multiplier is 1+.187/12, so for the year, James' balance is multiplied by (1+.187/12)^12 ≈ 1.2038899
At 12.5%, the monthly multiplier is 1+.125/12, so for the year, James' balance is multiplied by (1+.125/12)^12 ≈ 1.1324161
The difference in these multipliers is ...
1.2038899 -1.13241605 = 0.0714739
so James' savings is ...
$1700 × 0.0714739 ≈ $121.51
Vertex is at the point ( h , v )
The equation of a parabola is:
x = a ( y - v )² + h
Answer: B )
Answer: 7.58 years
Step-by-step explanation:
When it comes to finding out how long it will take for an investment to double, one can use the Rule of 72.
The Rule of 72 estimates the amount of time it will take to double an investment when you divide 72 by the interest rate:
= 72 / r
= 72 / 9.5
= 7.58 years
This is fairly simple. Divide 2,871,000 by 10 and that's your answer!

Also, since you're dividing by a factor of 10 (or in this case, <em>10</em>) you can just take away as many places as are zeros in the number you're dividing from. This works for <em>10, 100, 1,000, 10,000, etc. </em>In this case, since there is only one zero in 10 you only take away one place marking, which gives you 287,100.
Step-by-step explanation:
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