The following table represents a linear function. What is the slope?
2 answers:
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x = total amount split between Adam and Tom.
since we know the total amount split between both in a 18 : 17 ratio is "x", let's divide "x" by (18 + 17) and distribute accordingly to get the amount of each.
Answer:
Step-by-step explanation:
The formula for the total accrued amount is
A = P(1 + rt)
Data:
P = $500
r = 6.5 % = 0.065
t = 30 mo
Calculations:
(a) Convert months to years
t = 30 mo × (1 yr/12 mo) = 2.5 yr
(b) Calculate the accrued amount
A = 500(1 + 0.065 × 2.5)
= 500(1 + 0.1625)
= 500 × 1.1625
= 581.25
(c) Calculate the accumulated interest