Compound interest formula:
Amount = starting value x ( 1+ interest rate/compounds per year)^(compound per year x number of years)
Amount = 12,000,000 x (1+ 0.10/1)^(1x5)
Amount = 19,326,120.00
$97
This is because he will owe the amount of the check $52, plus he will also owe the two fees which will total $45
You can either make a table using any numbers you would like (I would suggest -5 to 5) and then graphing the rule
ex. (7/2)(-5)-2 = -19.5 (I multiplied (7/2) by -5 and then subtracted 2)
Or you can put the rule in a graphing calculator and check the points from there
The solution is -5/4= -1 1/4
