Answer:
The answer is stan twice
Step-by-step explanation:
simple
First you have to double the simple interest to get the amount earned in 1 year. That gives $3.56 earned and a total balance of $893.56
r = (1/t)(A/P - 1) t=time, A=amount of money with interest, P=amount invested
r = (1/1)((893.56/890) - 1) = 0.004
r = 0.004
now convert to a decimal to get .04 = 4%
For this, we have to calculate how much money has to be invested at 2.3% interest compounded continuously to achieve $41,000 after 17 years
Formula: A= P * ( 1+r)^t
A= $41,000
r=0.023
t= 17
<span>41,000= P * (1+0.023)^17
</span>41,000= P * (1.023)^17
41,000= P * 1.4719
P= 41,000 : 1.4719
P= $27,731.59
Therefore, the answer is C. $27,731.59
I checked by doing the opposite, and I got $41,000.01, which is the closest to the question<span>
</span>
y -3 = 2(x-4)
Use distributive property on the right side:
y - 3 = 2x -8
Add 3 to both sides:
y = 2x -5
The answer is A.
Answer:
B
Step-by-step explanation:
