Does the following relationship represent a function? y = 5x
1 answer:
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Answer:
The annual interest rate is 12.05%.
Step-by-step explanation:
The simple interest is given by the formula:
Where I denotes interest.
P denotes the principal amount.
R denotes the rate of interest
and T denotes the time period.
I=$160.67, P=$2000, t=8 months=8/12 years (Since 12 months=1 year so 1 month=1/12 year)
Hence, the annual interest rate is 12.05%.
Distribute 5 using the Distributive Property:
5(x+24)
Multiply 5 by x:
5x
Multiply 5 by 24:
120
Now, add the products:
5x+120 (Answer)
Hope it helps! Enjoy your day :)
~Just a determined teen