1 answer:
You might be interested in
Answer:
A
Step-by-step explanation:
The equation will be in the form
y = mx + c ( m is the slope and c the y- intercept )
Calculate m using the slope formula
m = (y₂ - y₁ ) / (x₂ - x₁ )
with (x₁, y₁ ) = (0, 5) and (x₂, y₂ ) = (2.5, 0) ← 2 points on the line
m = = - 2
The line crosses the y- axis at (0, 5) ⇒ c = 5
y = - 2x + 5 or
y = 5 - 2x → A
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
Bank A
substitute in the formula above
Bank B
substitute in the formula above
Bank C
substitute in the formula above
Find the average interest gained from the three accounts in one year