Bob and Alice have a mortgage for $73,280. If the mortgage is set at 7 percent for 30 years, how much is their monthly payment i
1 answer:
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Answer:
GROWTH
Step-by-step explanation:
Given the Exponential function;
A=10*
As we can see in the given function above:
the base number is 1.01 which is greater than 1 hence the quantity increases,
slowly at first and then very rapidly over its domain. The rate of growth becomes faster as time passes.
The growth "rate" (r) is determined as b = 1 + r.
In this situation, the rate growth is = 1.01 -1 = 0.01
Hope it will find you well.
Answer:
Step-by-step explanation:
So we know that the slope is 2 and the lines passes through the point (-5,1).
We can use the point-slope form. The point-slope form is:
Where m is the slope and (x₁, y₁) is a point.
So, let's substitute 2 for m and (-5,1) for (x₁, y₁), respectively. Therefore:
Simplify:
Distribute the 2:
Add 1 to both sides:
So, the equation of our line is: