$7881.18
Step-by-step explanation:
Let the initial Investment be 
. The Interest is compounded on a monthly basis at 12% annual interest rate. After 17 years, the Investment amounts to $60,000.
As the annual interest rate is 12%, the monthly interest rate is 1%.
Since this is a compound interest problem, the total amount can be modeled as follows: 
Here 
is the interest rate, i.e 
, and t is the number of time periods, i.e 
= 
∴ Initial Investment = $7881.18
180*$7.50= 1350, that is correct answer I think
Answer:
Step-by-step explanation:
5= 31(x +7)
5= 31x + 217
5 - 217 = 31x + 217 - 217
212 = 31x
212/31 = 31x/31
212 = x
x= 212
Answer:
y - 4 = (2/3)(x - 7)
Step-by-step explanation:
(see attached for reference)
we are given slope, m = 2/3 and point (x₁, y₁) is (7,4)
y - y₁ = m(x - x₁)
substituting the given values into the general equation
y - y₁ = m(x - x₁)
y - 4 = (2/3)(x - 7)
Answer: The first one and the last one
Step-by-step explanation:
