Total = Principal * e^(rate*years)
where "e" is the mathematical constant 2.71828182828459
Total = 1,600 * e(.046*4)
Total = 1,600 * 2.71828182828459^(.184)
Total = 1,600 *
<span>
<span>
<span>
1.2020158231
</span>
</span>
</span>
Total =
<span>
<span>
<span>
1,923.23</span></span>
</span>
Source:
http://www.1728.org/rate2.htm
Answer:
Step-by-step explanation:
Given
One-eighth times three-elevenths
Required
Solve
One-eighth means 1/8
Three-elevenths means 3/11
So, mathematically; the above expression is represented as thus:
To solve this, we simply multiply the numerator and the denominator together.
After multiplying these together, the next is to check if the resulting can be simplified
If yes,we simplify it and if otherwise, we live it like that.
So,
At this point, the fraction can't be simplified any further.
Hence,
Answer:
y= 48 + 0.1x
x= miles driven
Step-by-step explanation:
<u>We need to calculate the fixed and variable cost (per mile) of renting a car. To do that, we will use the high-low method:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (65 - 58) / (170 - 100)
Variable cost per unit= $0.1 per mile
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 65 - (0.1*170)
Fixed costs= $48
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 58 - (0.1*100)
Fixed costs= $48
y= 48 + 0.1x
x= miles driven
