Answer:
Option C.
Step-by-step explanation:
we know that
If two figures are similar, then the ratio of its corresponding sides is proportional
In this problem
Using proportion
Hi there
The formula is
A=p (1+r)^t
A future value 11700
P present value 900
R interest rate 0.0875
T time?
We need to solve for t
T=log (A/p)÷log (1+r)
So
T=log(11,700÷900)÷log(1+0.0875)
T=30.6years round your answer to get
T=31 years
Hope it helps
You need to find the slope
251-248. 3
------------- = --------
2005-1965. 40