Answer:
6 years
Step-by-step explanation:
Simple interest= P.R.T
I = $1300
P = 18000 deposit
Rate = 1.19%
T = ?
Putting into the formula we have
1300 = 18000x1.19/100xT
1300 = 18000x0.0119xT
1300 = 214.2T
Divide through to get T
T = 1300/214.2
= 6.069
So when we approximate T = 6 years
It would take 6 years to make $1300 in interest
First lets get rid of the deposit.
(0.95*6000)=5700
Formula is I=PRT
I= Interest earned
P=Principal amount (5700)
R=Rate (18% or 0.18 or 18/100)
T=Time period (2 years)
Equation:
I= 5700*2*0.18
I= 2052
But remember the question asks for monthly payments!
2052/24 (12 months in a year and T= 2 years)
Answer=$85.50
Answer:
(0,5)
Step-by-step explanation:
Perpendicular lines have slopes which are negative reciprocals of each other. The slope of the line y=1/2x + 6 is 1/2. The slope perpendicular to it is -2.
Using m=-2, substitute it and (4,-3) into the point slope form and simplify to find the y-intercept.

The equation is now in slope intercept form y=mx+b and b is the y-intercept. The y-intercept of y=-2x+5 is (0,5).
Answer:
2.77083333333
Step-by-step explanation:
I assume. Do not hold me account for mistakes, I apologize if my work is incorrect. Have a good day/night :}