The first step because 1 dollar and 60 cents is not (1.6)= 2 dollars and 5 cents
Answer:
$1348.07
Step-by-step explanation:
Hello!
<h3>Compound Interest Formula:

</h3>
- A = Account Balance
- P = Principle/Initial Amount
- r = Rate of Interest (decimal)
- n = Number of times compounded (per year)
- t = Number of Years
<h3>Given Information</h3>
- Account Balance = ?
- Principle Amount = $1000
- Rate of Interest = 0.02
Why is the Rate 0.02?
This is because we are gaining money, so the multiplier should be greater than 1. We already added 1, which is 100% so you simply add the 0.02 for the extra 2%.
- Number of times compounded per year = 6
This is because it is being compounded bi-monthly, or once every 2 months. 12 months divided by 2 months is 6 months, so 6 times a year.
<h2>Solve </h2>
Solve by plugging in the given values into the formula.
This is really close to the first option, and since there is rounding involved with the repeating decimal, the first option should be correct.
The answer is $1348.07.
Hello there!
A positive slope is represented in a linear equation by a positive coefficient behind the x term. A positive slope means that the graph is on an increasing interval as x approaches +∞. In a more simple way, a positive slope means that the graph is going up from left to right.
A negative slope is represented in a linear equation by a negative coefficient behind the x term. A negative slope means that the graph is on a decreasing interval as x approaches +∞. In a more simple way, a negative slope means that the graph is going down from left to right.
The x intercept(s) of a graph are where the graph touches the x-axis. These are also known as the zero(s) OR solution(s) of the function.
The y intercept(s) of a graph are where the graph touches the y-axis.
I hope this helps!
Best wishes:)
Answer:
the x-axis is 0,1
the y -axis is -1, - 35
sorry if im rong
Step-by-step explanation: