I'll sub my guy. Don't give up, keep climbing.
Graph the point (0,2). From there go up 8 points and right 1 point. Again, from the point (0,2) go down 8 points and left 1 point. Hope this helps!
Answer: 292.50 dollars
Work Shown:
P = 650 is the the principal.
r = 0.09 is the interest rate in decimal form.
t = 5 is the number of years.
i = P*r*t
i = 650*0.09*5
i = 292.50 is the simple interest.
Every economic decision has "a consequence or tradeoff" - this final answer choice is correct. Every time that an individual, business, or institution makes an economic decision, they always forgo an opportunity to use the same capital or resources for other endeavors. As such, there is a tradeoff incurred by not making the decision to use the resource in another manner. This is known as opportunity cost and is one of the fundamental tenets of economic theory.
