Answer: 4
Step-by-step explanation:
Answer:
f(t) = 101,234
Step-by-step explanation:
First, use FV formula to find the rate ;r given PV=101,234 and FV=104,271.02 and time= 1 year

104,271.02 = 101,234
Divide both sides by 101,234 to get;
104,271.02 / 101,234 = 1+r
1.03 = 1+r
1.03 -1 =r
therefore r= 0.03 or 3%
Next, to get the function of FV of estate after t years; f(t) ;
Plug in the 3% rate found above into the FV formula with PV being the current value of 101,234 and it becomes;
f(t) = 101,234
//5^-3 = 1/(5^3)
(2^2*5^6)/(5^3*2^3*5^2)=
(2^2*2^-3)*(5^6*5^-3*5^-2)=
(2^-1)*(5^1)=
5/2=
2.5=
first we writte the information they are giving to us:
For company A:
initial fee = $90
rent per mile = $2
For combany B:
initial fee = $50
rent per mile = $3
Now for company A the equation that represent the charge in one mile will be: (where n is the number of miles)

And for company B:

Now to determine the number miles driven, that would make the cost of each company the same, we have to make A = B

and finaly we can solve for n

so if they drive for 40 miles the will pay the same