Okay so you are correct with the gradient of the perpendicular line it is -5/2 however the equation is not y= -5/2 -1 because it is a new Line and has a new y-intercept therefore its Y=-5/2 + C but you have corrected that when doing the formula and have got the right answer
Four batches should be the correct answer
Answer:
7=-10s-3, would mean that s= -1
Step-by-step explanation:
CD = certificate of deposit (an investment)
Interest rate, i = 10% per annum (simple interest)
Principal, P = $2000 (present value)
Period, T = 3 months = 0.25 year
Simple interest formula
Interest earned = Pit
=2000*0.10*0.25
=$50
Balance at maturity (amount that investor gets after three months)
=$2000+$50
=$2050
