The annual interest rate on a $10,000 loan is 18%. the exponential function that represents this is y = 10000(1.18t). write the exponential function for this loan in terms of a monthly interest rate. a) y = 10000(1.014)t b) y = 10000(1.014)12t c) y = 10000(1.098)t d) y = 10000(1.098)12t

it B i just took the test

option-B......Answer

Step-by-step explanation:

We are given

amount taken for loan =$10000

so, P=10000

annual interest rate =18%

r=0.18

now, we can use formula

Since, it is compounded monthly

so, n=12

we can plug values

93.8

step-by-step explanation:

lets say, first number = x

second number = 3x+7

total = 49

(x)+(3x+7)= 49

4x+7 = 49

4x = 42

x = 42/4

x= 10.5

x= 10.5

3x+7 = 3(10.5)+7 = 93.8

hope this