Congrats on making it to integrals!
Basically you need to integral your function because integral rate in respect to time = total amount.
Also your bounts are (2001-1990,2006-1990)=(11,16)
Thus we take integral like:
int(11,16)(928.5e^(0.0249x))=
(11,16)928/0.0249e^(0.0249(x))-928/0.0249e^(0.0249(x))
(You can check this by taking its derivative and seeing if you get the original function)
928/0.0249e^(0.0249(16))-928/0.0249e^(0.0249(11))=6498.1
Answer:
<h2>
4076.56</h2>
Step-by-step explanation:
First we need to calculate the James monthly charges on his balance of 4289.
Using the simple interest formula;
Simple Interest = Principal * Rate * Time/100
Principal = 4289
Rate = 5%
Time = 1 month = 1/12 year
Simple interest = 4289*5*1/12*100
Simple interest = 21,445/1200
Simple interest = 17.87
<u>If monthly charge is 17.87, yearly charge will be 12 * 17.87 = </u><u>214.44</u>
The balance on his credit card one year from now = Principal - Interest
= 4289 - 214.44
= 4076.56
The balance on his credit card one year from now will be 4076.56
D.
Slope is rise over run and in this case it is -15/ 5 so when it is reduced you get -3 as your slope
Answer:
2.5 %
Step-by-step explanation:
The simple interest formula is
I = Prt
Data:
I = $75
P = $600
t = 5 yr
Calculation:
75 = 600 × r × 5
75 = 3000 r
Divide each side by 3000
r = 75/3000 = 0.025 = 2.5 % APR
The annual percentage rate is 2.5 %.
Step-by-step explanation:
I used a calculator but the answer is 1 1/6
