Answer:
she is wrong, offer 2 results in lower interests
Step-by-step explanation:
total amount paid if offer 1 is accepted:
$6,000 x (1 + 3%)² = $6,000 x 1.0609 = $6,365.40
she will pay $365.40 in interests
total amount paid if offer 2 is accepted:
($6,000 x 1.01) x 1.05 = $6,060 x 1.05 = $6,363
she will pay $363 in interests
Compounding interest refers to interest that earns more interest itself, e.g. in the first offer, the $180 of interests charged for the first year will earn $5.40 in extra interests. While offer 2 only charges $60 in interests during the first year which will in turn earn $3 of interests. The difference between both offers is that interest charges in offer 1 earn more interests than the interest in offer 2 = $5.40 - $3 = $2.40
X=8 is the Answer. So the equation would be <span>-8+4(1+5 times 8 )=156 </span>
Answer: We are using a line regression tool to solve the parameters asked in the problem. We can use online tools or that of Excel. According to the tool, the best fit values are
Slope0.3848 ± 0.03956
Y-intercept0.6053 ± 0.6370
X-intercept-1.573
1/Slope2.598
Step-by-step explanation: Best fit lines make sure that the standard deviation at each point is minimum from the best fit line.
C because I just did that
