A $3,500 loan, taken now, with a simple interest rate of 5% per year, will require a total repayment of $3,850. At what time t will the loan mature?

Roughly 2 years

Step-by-step explanation:

3500(1.05)^t=3850

(1.05)^t=1.1

t=1.953

So roughly 2 years

the 4th choice is the correct one

step-by-step explanation:

b. y = 4x - 2

step-by-step explanation:

to find a parallel equation to an equation, make sure both equations have the same slope but different y-intercepts.

y = 4x + 1

4 = slope

1 = y-intercept

y = 4x - 2

4 = slope

-2 = y-intercept

they both have the same slope but different y-intercepts, so, b. is the correct answer.

and to check your work, you can graph both equations. : )