Answer:
629 510$
Step-by-step explanation:
$899300 - (30% of $899300)
cuz its two years away from 2010 so it will have gone up 30 % so to rewind time, just go back 30%
Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)
You just multiply the numerators of the fractions and the denominators of the fractions together, and then reduce the fraction to simplify it from that point on.
When using the the slope formula the equation would be
-4-5= -9
4- -2=6
You divide and u get 1.5 which is also known as 1 and 1/2