Over time, compound interest at any rate will outperform simple interest. When the rates are nearly equal to start with, compound interest will be greater in very short order. Here, it takes less than 1 year for compound interest to give a larger account balance.
In 30 years, the simple interest will be
... I = P·r·t = 12,000·0.07·30 = 25,200
In 30 years, the compound interest will be
... I = P·(e^(rt) -1) = 12,000·(e^(.068·30) -1) ≈ 80,287.31
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6.8% compounded continuously results in more total interest
The regression line equation is
, the value of the slope is shown as constant 16 and it's a positive constant, hence the correlation between the amount of gas used and degree of the days is a POSITIVE correlation.
Answer:
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Answer:
Step-by-step explanation:
The equation of a horizontal parabola in the standard form:
(h, k) - vertex
if a > 0, then open right
if a < 0, then open left
We have the vertrex (-1, -3) and the parabola is open left (a < 0).
Therefore the equation of a given parabola could be: