Joe is making $485 payments monthly, but the amount gets interest on a yearly basis, not monthly, so the amount that yields interest is 485*12
also, keep in mind, we're assuming is compound interest, as opposed to simple interest
Does anyone need help with simple Pythagorean theorem questions?
1 answer:
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Joe is making $485 payments monthly, but the amount gets interest on a yearly basis, not monthly, so the amount that yields interest is 485*12
also, keep in mind, we're assuming is compound interest, as opposed to simple interest
Answer:
The Spotted Cows delivery service has a greater rate of change.
Explanation
The Spotted Cows function is: y = 2.8x + 2
Dairy Farms function is: y = 2.1x + 10
I have graphed these two functions to determine which has a greater rate of change. The red line represents the Spotted Cow service while the blue represents the Dairy Farms service. On the graph you can see that the red line intersects and shifts above the blue line, meaning the rate increases at a higher rate than the blue.
Hope this helps!
