The national interest rate on houses for 25 years is 4.3%. The banker wishes to test that the local interest rates are lower than the national rate. So he should use the initial data of 4.3% interest as his base data. Then he should investigate the rates of houses in the local vicinities and compare it to his base data.
Answer:
y = 0.5x - 5.5
Step-by-step explanation:
slope = 0.5, so this is the x coefficient.
y intercept = -2 - (7 x 0.5) = -5.5
Answer:
4 cents
Step-by-step explanation:
4.50 divide by is .9 and 7.52 divide by 8 is .94
Answer:
18,000 at 2%
22,000 at 3%
Step-by-step explanation:
x: the amount in account paying 2% interest
y: the amount in stock paying 3% interest
x + y = 40,000
2%. x + 3%. y = 1020
⇒ x = 18,000
y = 22,000
Answer:
x<7.5
Step-by-step explanation:
