Hi. Thank you for posting your question here at Brainly. I hope I would be able to give a good explanation for this answer.
The formula to be used for this problem is
r^n = 1 + i, where i is the annual interest rate
Since the interest rate is compounded monthly, he would make 12 annuities in a year. Thus,
1.005^12 = 1 + i
i = 0.0617 * 100%
i= 6.17%
The annual interest rate is 6.17%.
27, you multily eacg number by 3. 3*1=3, 3*3=9, 9*3=27, 27*3=81.
Answer:
No solutions.
Step-by-step explanation:
No solutions because these two lines are parallel.
You can tell by the slopes. Both slopes are equal -3.
The -2 and vertically shift the lines.
Answer:
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Step-by-step explanation:
f(x) = 0.69 (1.03)^x
in other words TO THE POWER x
that would be 0.69 when x = 0 years, now
0.69 * 1.03 after one year
0.69 * 1.03 *1.03 after two years
0.69 *1.03*1.03*1.03 after 3 etc
It is getting bigger. Every year you increase by .03 x which is 3%