Answer:
2341.78
Step-by-step explanation:
The number is already rounded to the nearest hundreth
Your answer can be anything in the form y = mx+8 where you replace m with any real number.
You start with y = mx+b, and then replace the b with the y intercept 8.
The y intercept is where the polynomial crosses the y axis.
The value of m does not matter. So you could have y = 2x+8 or y = 3x+8 for instance. Replace m with whatever your favorite number is.
<h3>Y
ou have the correct answer</h3><h3>Interest rate = 21.5%</h3>
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Work Shown:
i = P*r*t .... simple interest formula
i = simple interest
i = 2075-1000 = 1075
P = 1000 = amount borrowed (principal)
r = unknown interest rate
t = 5 = time in years
So,
i = P*r*t
1075 = 1000*r*5
1075 = 5000r
5000r = 1075
r = 1075/5000
r = 0.215
r = 21.5%
