Answer:
We will choose option D.
Step-by-step explanation:
Milton took out a loan for $2400 at 7% interest compounded annually.
So, after one year his loan will grow up to dollars.
Therefore, the interest added to the principal is $(2568 - 2400) = $168
But Milton makes yearly payment of $140 which is less than the interest i.e. $168 which is added to his loan in the first year.
Therefore, he can not ever pay off the loan.
So, we will choose option D. (Answer)
Answer:A,C,D
Step-by-step explanation:
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Answer:
The required equation for the given point and the given slope is
Step-by-step explanation:
Given:
Let,
point A( x₁ , y₁) ≡ ( 8 ,-3)
To Find:
Equation of Line Passing through A( x₁ , y₁) with slope = -1/4
Solution:
Equation of a line passing through a points A( x₁ , y₁) and having slope m is given by the formula,
i.e equation in point - slope form
Now on substituting the slope and point A( x₁ , y₁) ≡ ( 8 ,-3) we get
The required equation for the given point and the given slope is
-24 = 14y - 5
First, add 5 to both sides. / Your problem should look like: -24 + 5 = 14y
Second, simplify -24 + 5 to get -19. / Your problem should look like: -19 = 14y
Third, divide both sides by 14. / Your problem should look like:
Fourth, switch sides. / Your problem should look like: y =
Answer as fraction: y =
Answer as decimal: y = -1.3571