A car rental agency advertised renting a car for $ 23.95 per day and $ 0.32 per mile. of david rents this car for 4 days, how m
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Answer:
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Step-by-step explanation:
Given
In 1990; Income= $39000
In 2010; Income= $70768
Solving (a): An equation in form of f(x) = ax + b
First, we need to determine the slope, a
Taking y as income and x as year index.
When x = 0; y = 39000
When x = 20; y = 70768
Substitute these values in the above formula
Next, is to determine the formula using:
<em>Considering :When x = 0; y = 39000, we have</em>
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<em>Make y the subject of formula</em>
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<em>Express y as a function of x</em>
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Solving (b): Income in 2005
<em>In 2005, x = 15</em>
So:
becomes
Each semiannual payment is (1/2)*.0545*$1000 = $27.25. There are 2*30 = 60 such payments in 30 years. After 6 payments, there will be 54 left.
a) The value of Tristan's bond is $1238.08
b) The value of Tristan's bond is $926.91
a) The value of Tristan's bond is $1238.08
b) The value of Tristan's bond is $926.91