In this situation, simple interest is calculated yearly.
2 answers:
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Answer:
Step-by-step explanation:
we have
Line 1
Equation in slope intercept form
The slope is equal to
Line 2
Equation in slope intercept form
The slope is equal to
we know that
If two lines are perpendicular, then their slopes are opposite reciprocal (the product of the slopes is equal to -1)
so
substitute