12,000 i dont just 12,000
They are very different 1/10 is equivalent to 10% and also 0.1 but 1/100 is equivalent to 1% and 0.01
Answer:
$1,519
Step-by-step explanation:
Given that :
Balance = principal = $520
Time (t) = 6 years
Annual. Interest rate (r) = 18% = 0.18
Using the compound interest formula:
A = P(1 + r/n)^nt
n = number of times interest is applied per period ; A = final amount
Since interest is compounded monthly, n = 12
A = 520(1 + 0.18/12)^(12 * 6)
A = 520(1 + 0.015)^72
A = 520(1.015)^72
A = 520(2.9211579)
A = 1519.0021
Hence, final amount = $1519
The slope is -30 because when u calculate the rise over run it gets to -30
Answer:
explain this question more clearer pls
Step-by-step explanation:
