A recursive definition for the sequence shown above can be x = n-5.
21 - 5 = 16
16 - 5 = 11
11 - 5 = 6
and so on...
The number sequence has a difference of 5 in each of the values before and after them.
First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
Answer:
A. y = 1x + 4
B. 1
C. 4
Step-by-step explanation:
The point (0, 4) is the y-intercept. So b = 4
y goes up each time by 1. So m = 1
Plug into y = mx + b
y = 1x + 4
Answer:
30%
Step-by-step explanation:
18 / 60 = .3 * 100 = 30%
Answer:
x=-11.9
Step-by-step explanation:
