32%, because you divide 8 by 25, which is 0.32. You then multiply it by 10 to achieve the percentage.
Start by plotting the y-intercept at (0,1).
From that point, count "up 2, right 1" to get a second point on your graph.
If needed repeat that "up 2, right 1" from that second point to get a third point.
Draw the line that connects these 2 or 3 points.
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Answer:
$18,087.23
Step-by-step explanation:
The future worth of the loan in 7 years compounded semiannually is computed as shown below using the future value formula adjusted for semiannual compounding:
FV=PV*(1+r/2)^n*2
FV is the worth of the loan in 7 years which is unknown
PV is the actual amount of loan which is $8,000
r is the rate of interest of 12%
n is the number of years of the loan which is 7 years
the 2 is to show that interest is computed twice a year
FV=8000*(1+12%/2)^7*2
FV=8000*(1+6%)^14
FV=8000*1.06^14=$18,087.23