Suppose $2000 is invested at 9% interest compounded continuously. How long will it take for the investment to grow to $10,000? U
1 answer:
You might be interested in
The Correct option is D). y=1x+1 And y=2x+2
Step-by-step explanation:
The equation of a line is given as y=mx+c.
where m=slope of line and c=y intercept
The slope of line is given as m=
Solving for Redline:
From the given graph, redline passes through (-1,0) and (0,1)
The slope of Redline is m=
The slope of Redline is m=
The slope of Redline is m=(1)
And Y-intercept is 1
The equation of a Redline is given as y=1x+1
Solving for Blue-line:
From the given graph, Blue-line passes through (-1,0) and (0,2)
The slope of Blue-line is m=
The slope of Blue-line is m=
The slope of Blue-line is m=(2)
And Y-intercept is 2
The equation of a Blue-line is given as y=2x+2
The Correct option is D). y=1x+1 And y=2x+2
No Alan did not break even
Alan incured a loss of 6.25 %
<em><u>Solution:</u></em>
Given that,
Alan bought two bikes
He sold one to Beth for $300 taking a 25% loss
He also sold one to Greta for $300 making a 25% profit
When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%, then the seller always incurs a loss
Which is given as:
Here, x = 25
Thus the loss percentage is 6.25 %