Answer:
$1,179
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, lets change 2.6% into a decimal:
2.6% -> 
-> 0.026
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
The account balance after 10 years will be $1,179
Answer:
p(0) = 800
p(8) = 997
Step-by-step explanation:
p(t) = 800 * (1.028)^t
The current price is when t=0
p(0) = 800 * (1.028)^0
= 800(1)
= 800
The price in 8 years
p(8) = 800 * (1.028)^8
=997.7802522414861936754688
To the nearest dollar
= 998
Answer:
5 units. Since they have the same y coordinate the x coordinate determines the distance from each other. In the case 9-4=5.
Answer: they can rent the room for less than 6 hours.
Step-by-step explanation:
Let x represent the possible amounts of time in which they can rent the room.
There is a reservation fee of $47 and an additional hourly fee of $7.40. This means that the total cost of renting the room for x hours would be
47 + 7.4x
The math club wants to spend less than $91.40 on renting the room. This would be expressed as
47 + 7.4x < 91.4
7.4x < 91.4 - 47
7.4x < 44.4
x < 44.4/7.4
x < 6
