Answer:
$95.5090 must be deposited monthly
Step-by-step explanation:
From the information given:
The annual interest rate (r) = 4.2% = 0.042
Let assume that an amount Y is deposited, then after one month, it will increase to:
The total amount after 4 years will be:
Using the sum of a geometric progression:
The above amount is then equal to $5000
i.e
I say B it intercepts both axis
Answer:
y = -2x + 5
Step-by-step explanation:
Assuming this is linear, the slope would be constant. For every 1 x, y decreases by 2. This means that the slope is -2.
y = -2x + b
Now all we need is the y-intercept.
If we plug in the first point (1,3), we get:
3 = -2*1+b
3 = -2+b
b = 5
This is the y-intercept.
y = -2x + 5
Answer:
the answer is B
Step-by-step explanation:
