Since t is your variable you have to assign something for it to represent and 12 is your constant so no matter what it's going to stay the same. You could do "john plants trees for a living. He gets $12 for showing up to work, and $65 for every tree he plants"
Answer:
1
Step-by-step explanation:
1. First, let's take any two points from the graph. For this case, I'm going to take (3,0) and (0,-3).
2. To find the slope given two points, we have to apply the formula and plug in the corresponding values:
Therefore, the slope is 1!
Answer:
A. $29,045.68
B. $28,981.85
C. Compound daily applies interest everyday over a period of 365 days in a year. Compound annually only applies the 3% interest once a year.
Step-by-step explanation:
3% compounded daily:
A = P(1 + r/n)^nt
= 25000(1 + )^365(5)
= 25000(1.00008219)¹⁸²⁵
= 25000(1.161827)
= 29045.6770
3% compounded annually:
A = P(1 + r/n)^nt
= 25000(1 + )^1(5)
= 25000(1.03)⁵
= 25000(1.159274)
= 28981.8518