The formula of a slope:
We have the points (-4, -3) and (-3, s) and the slope m = 3. Substitute:
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1 answer:
Answer:
Interest rate, R = 244%
Step-by-step explanation:
Given the following data;
Principal = $270
Simple interest = future amount - principal = 309.60 - 270 = $39.60
Time = 22/360 = 0.06 years
To find the interest rate?
Mathematically, simple interest is calculated using this formula;
Where;
- S.I is simple interest.
- P is the principal.
- R is the interest rate.
- T is the time.
Substituting into the equation, we have;
Cross-multiplying, we have;
<em>Interest rate, R = 244.44 ≈ 244%</em>
<em>Therefore, the pawnbroker charged Elisa a simple interest rate of 244%.</em>
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Answer:
So the decay percentage rate is of 70.8%
Step-by-step explanation:
An exponentil function has the following format:
In which c is a constant.
If a>1, we have that a = 1 + r and r is the growth rate.
If a<1, we have that a = 1 - r and r is the decay rate.
In this problem:
a = 0.292
A is lesser than 1, so r is the decay rate.
1 - r = 0.292
r = 1 - 0.292
r = 0.708
So the decay percentage rate is of 70.8%