1.5 but you can’t get half a person
Answer:
$6,506.51
Step-by-step explanation:
Recall that increasing an amount C in x% is equivalent to multiply it by (1+x/100)
As we have 4% APR, the monthly interest would be (4/12)% = 0.04/12
<u>Month 0</u> (first payment)
$250
Month 1

<u>Month 2</u>

<u>Month 3</u>

<u>Month 24 (2 years)</u>

The sum

is the sum of the first 24 terms of a geometric sequence with common ratio
which is

so, after 2 years the saving balance is
250*26.02603071 = 6,506.50767= $6,506.51 rounded to the nearest cent.
Answer: 0
Step-by-step explanation: In order to identify the <em>y-intercept</em> of this equation, we want to get this equation into slope-intercept form which is more commonly known as y = mx + b form.
The problem is our equation doesn't match up quite so well with the formula y = mx + b. Our slope or <em>m</em> which is represented by the coefficient of the <em>x</em> <em>term</em> is clearly +4 but what is our y-intercept or b?
Well y = 4x can be thought of as y = 4x + 0 so you can see that our b or y-intercept equals 0.
2x+15x you can just switch the two.