Answer:
Jack's final bank account amount will be $54,782.50, <em>earning</em> <u>$7,459.31</u> in <em>interest</em>.
General Formulas and Concepts:
<u>Algebra I</u>
Compounded Interest Rate Formula: 
- <em>A</em> is final amount
- <em>P</em> is principle amount
- <em>r</em> is rate
- <em>n</em> is compounded rate
- <em>t</em> is time
Step-by-step explanation:
<u>Step 1: Define</u>
<em>Identify given variables</em>.
<em>P</em> = $47,323.15
<em>r</em> = 0.05
<em>n</em> = 1
<em>t</em> = 3
<u>Step 2: Find Interest</u>
- [Compounded Interest Rate Formula] Substitute in variables:
- Evaluate:
∴ Jack will <em>gain</em> $7,459.31 and have a net balance of $54,782.50.
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Learn more about Algebra I: brainly.com/question/27710663
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Topic: Algebra I
Answer:
9.6
2.4.
Step-by-step explanation:
It is easy. If you do with calculator it's easy.
Answer:
6.41
Step-by-step explanation:
if u subtract 6.38 from 6.41 you have .03 left over.
The price for each instructor will be the same at 3 hours. How I determined this answer:
First off, you need to add the initial price and hourly price for each person together, so you already know how much it will cost for 1 hour, including the initial fee. Here's how you do it:
Ieda: $11.00 (hourly price) + $8.50 (initial fee) = $19.50 (for 1 hour)
Thanh: $10.50 (hourly price) + $10.00 (initial fee) = $20.50 (for 1 hour)
Now that you have the price for 1 hour including the initial fee, now you need to find the price for each hour after that. Here's how I did that:
I created a graph that looked like this:
Hours: 1 2 3
Ieda: 19.50 30.50 41.50
Thanh: 20.50 31.00 41.50
Here's how I figured out the price for each hour:
Ieda:
Hour 1 (including initial price):
$11.00 + $8.50 = $19.50
Hour 2 (excluding initial price): Only add the hourly price after Hour 1!
$19.50 + $11.00 = $30.50
Hour 3 (excluding initial price):
$30.50 + $11.00 = $41.50
Thanh:
Hour 1 (including initial price):
$10.50 + $10.00 = $20.50
Hour 2 (excluding initial price):
$20.50 + $10.50 = $31.00
Hour 3 (excluding initial price):
$31.00 + $10.50 = $41.50
So, looking at the graph, their prices are the same once each instruction reaches 3 hours. ($41.50)
I hope I was able to help you! :)
