Answer:
$3007.26
Step-by-step explanation:
Step one:
given data
Principal= $2000
rate= 6%= 0.06
time= 7years
Required:
The final amount A
Step two:
the expression for the compound interest is
substituting we have
Please help me!!!! I desperately need this
1 answer:
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Answer:
D
Step-by-step explanation:
We need to understand the meaning of slope. The slope means the rate of change of y with every unit change of x.
<em>In our case, it will be rate of change of sales increase (%) with respect to unit change of discount(%).</em>
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The formula for slope is the change in y divided by change in x.
From the 2 points given, we can say that slope is:
<em>This means "as discount increases 1%, sales increase by 3%". Option D is right.</em>