Answer:
D. 7
Step-by-step explanation:
Answer:
the answer depends on which type of interest we use:
- simple interest rate = 24%
- compound interest rate = 26.82%
Step-by-step explanation:
the interest rate paid for holding the cards one month 1/50 or 2%.
to convert 2% monthly interest rate to a simple annual rate:
monthly rate x 12 months = 2% x 12 = 24%
now to convert 2% monthly interest rate to an annual rate (using compound interest):
- = (1 + r)ⁿ - 1
- = (1 + 0.02)¹² - 1 = 1.2682 - 1 = 0.2682 or 26.82%
in compound interest, earned interest earns even more interest by itself besides the interest earned by the principal.
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thus the given equation is a linear equation in two variables ...
thus ploting a table we get as ...
y = -5x + 3
there fore
1) at y=0 , x = 3/5 .... 0 = -5x +3
= -5x = -3 ..thus X = 3/5
2) at x=0 , y= 3 ...
y = -5 (0) + 3 = 3
3) at X =1 , y = -2
4) at y=1 , x = 2/5
Wouldn’t it be D. since the domain is x. (x,y)
