I think it is A as $16,845,562,487,550/ 3.11591917 x 10^8 is <span>54062.89948 so the nearest answer is A
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Answer:
True
Step-by-step explanation:
Answer:
Compound interest
Step-by-step explanation:
The question requires us to determine if the interest earned is a simple or compound interest
Simple interest = amount deposited x time x interest rate
Future value with compounding = A( 1 + r)^n
A = amount deposited
r = interest rate
n = time
We would calculate the simple interest and the future value in year 2
Simple interest in year 2 = $3500 x 0.0375 x 2 = 262.50
Future value in 2 years with a simple interest = 262.50 + 3500 = $3762.50
Future value in year 2 with compounding = 3500 x (1.0375)^2 = $3767.42
The value provided in year 2 with compounding matches that provided in the question. Thus, it is compounding of interest that is done
First, determine y-intercept and x-intercept of the line
# y-intercept (when x = 0)
y = 2x - 3
y = 2(0) - 3
y = 0 - 3
y = -3
# x-intercept (when y = 0)
y = 2x - 3
0 = 2x - 3
2x - 3 = 0
2x = 3
x = 3/2
x = 1.5
Second, put y-intercept and x-intercept on cartesian plane, then connect the intercepts
See image attached