Answer:
Option B
Step-by-step explanation:
To solve these kind of question we just simply keep on inserting the values of x and if we get the required value of y that is in the table that equation is our answer, For example lets take Option A,
y = 8x
If we insert x = 0 we get,
y = 8(0)
y=0
but in the table it says we get 14 so option A is incorrect
Like this we keep checking for more values and all the values of x satisfy our equation in Option B like this,
and so on so Option B is the answer
Answer:
future value = $49163.8
so required amount will be $491200 nearest $100
Step-by-step explanation:
given data
annual interest rate = 6 %
annuity = $300 per month
time period = 10 years
to find out
how much money will they have for the college expenses
solution
we know that effective rate will be
effective rate =
effective rate = 5 ×
number of payment = 12 × 10 = 120
so future value will be express as
future value = annuity × .........1
future value = 300 ×
future value = 300 × 163.8793
future value = $49163.8
so required amount will be $491200 nearest $100