The y intercept is -4 and the slope is 2
Answer:
$11654 approx
Step-by-step explanation:
Given data
Principal amount = 22300 dollars
Rate= 10.25%
time= 6 years
The expression for the decrease is given as
A=P(1-r)^t-----------Note the negative sign is because of the decrease
substitute
A= 22300(1-0.1025)^6
A=22300(0.8975)^6
A=22300*0.5226
A=$11653.98
Hence the new value is $11654 approx
An exponent is the number or value being raised to a power.
The answer is 1.869 or 1.87
