Answer:
Step-by-step explanation:
Compounding interest :
Future value of money = Present value * (1+ r)^N
r - interest rate
n - number of period
In our example, Present value = 325.76, FV = 400, r = 2%, and we need to find N
by solving that we can find it that N is equal to 10.3675
Simple interest :
400 - 325.76 = 74.26$ we need to increase
325.76*2% = 6.5152$ each year
74.26 / 6.5152 = 11.3949
as a whole year = 12years
From what is there it is nearly impossible to find an exact number so I would say C... hope this helps
Answer:
1 ) y = 2x - 1
slope = 2
y intercept is (0,-1)
2) y = -1/2x + 5
slope = -0.5
y intercept = (0,5)
Step-by-step explanation:
Answer:2,820
Step-by-step explanation:
multiply 3,000 by 0.03 which will get you 90 which is 3% of that for one year and for two years you just multiply 90 by 2 and get 180. subtract 180 from 3,000