Michelle wants to borrow $2000. She has two options. Option 1 - she can borrow $2000 for 3 years at 7%. Option 2 - she can borrow $2000 for / years at 11%. Which loan will cost more?

Option 1

Step-by-step explanation:

To find which will cost more, we need to know the amount of interest that will be on each loan

To get this, we use the general formula

I = PRT/100

Where P is the principal I.e $2,000 in both cases, R is the interest rate and T is the time.

We proceed as follows. For the first option

I = (2000 * 7 * 3)/100 = $420

For the second option

I = (2,000 * 1 * 12)/100 = $240

Option 1 is definitely more costly

the correct answer is b. negative exponential growth.

step-by-step explanation:

you can tell it's an exponential function because it decreases rapidly then levels out and never touches the x-axis.

it is negative because the y-axis decreases as the x-axis increases.

therefore it is a negative exponential growth graph.

hope i !

answer: check all that apply, where the options?

step-by-step explanation: