Answer:
see explanation
Step-by-step explanation:
If y is proportional to x then the equation relating them is
y = kx ← k is the constant of proportion
To find k divide both sides by x
k =
This value must be constant for all ordered pairs, thus
k = =
k = =
k = =
k =
Since k is constant for all ordered pairs then y is proportional to x
Answer:
<h2>Option A is the answer(here the answer is calculated taking the whole value, without approximating it to a nearest value)</h2>Step-by-step explanation:
Annual interest rate is 2.75%. Hence, the monthly interest rate is
The amount will be compounded times.
Every month they deposits $500.
In the first month that deposited $500 will be compounded 240 times.
It will be
In the second month $500 will be deposited again, this time it will be compounded 239 times.
It will give
Hence, the total after 20 years will be