This is a simple problem with some quick addition and subtraction, and a bit of multiplication.
First we figure out how much money you're spending in total, which is $300 each year, for 20 years, so 300 x 20 = 6,000. Now, since the problem is asking for a maximum amount for percentage rate, this means we find the 9% for all 20 years combined and not individually. 9% of 6,000 is of course 540, so if we subtract 540 from 6,000, we get 5,460.
This means your answer is $5,460
Answer:
Step-by-step explanation:
this is simplify
Answer:
-28/3
Step-by-step explanation:
The formula for slope is [ y2-y1/x2-x1 ].
15-(-13)/-12-(-9)
28/-3 or -9 1/3
Best of Luck!