Please help!
1 answer:
Given the two options above, in order to come up with the best plan we have to calculate the future value of money in each plan.
compound interest is given by:
Option 1
p=$500
r=2%=0.02
t=1 year
Option 2
p=$500
r=2/12=1/6
n=1*12=12
hence:
=$509.09
Comparing the two plans above, option 1 is the best.
b] Option 1 is the best because she will secure $510 as compared to option 2 which has interest rate that reduces her amount by $1 after one year due to annual charges. The total amount of money she will have at the end of the plan is $510.
compound interest is given by:
Option 1
p=$500
r=2%=0.02
t=1 year
Option 2
p=$500
r=2/12=1/6
n=1*12=12
hence:
=$509.09
Comparing the two plans above, option 1 is the best.
b] Option 1 is the best because she will secure $510 as compared to option 2 which has interest rate that reduces her amount by $1 after one year due to annual charges. The total amount of money she will have at the end of the plan is $510.
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Answer:
y+3=45(x+5)
Step-by-step explanation:
Hi there!
Point-Slope Form:
y-y1=m(x-x1)
Where
y1 stands for the y-coordinate of the point
m stands for the slope of the line
x1 stands for the x-coordinate of the point
In this case, the slope is 45, the y-coordinate of the given point is -3, and the x-coordinate of the point is -5.
Plug in the values and solve:
y-y1=m(x-x1)
y-(-3)=45(x-(-5)
y+3=45(x+5)
Hope it helps!
Enjoy your day!
Please feel free to ask if you have any doubts.