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kifflom [539]
3 years ago
9

Karan needs to choose between two gym plans. He can either pay a $150 joining fee and a $10 monthly fee, or he can pay a $50 joi

ning fee and a $30 monthly fee.
On what month will the cumulative costs of the plans be equal, and what will those total costs be

Answer: Karan will pay a cumulative cost of___?___ dollars with either plan to go to the gym for __?__ months.
Mathematics
1 answer:
Ierofanga [76]3 years ago
4 0

Let  x be the month on which the fee for two plans are equal.

Therefore,

150 + 10x = 50 + 30x

10x - 30x = 50 - 150

-20x = -100

x = 5

Cumulative cost = 150 + 10(5)

                           = 150 + 50

                           = 200

Hence, Karan will pay a cumulative cost of $200 dollars with either plan to go to the gym for 5 months.

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Find the product of (3.7 • 10^4) and 2.
Serga [27]

Answer:

7.4 · 10^4

Step-by-step explanation:

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In this case, you would only multiply the "regular" number by 2.

(3.7 · 2) · 10^4

= 7.4 · 10^4

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3 years ago
Calculate the future value in five years of $8,000 received today if your investments pay future value a. 5 percent compounded a
zhannawk [14.2K]

The Future value is:

a) $10,210.25

b) $11,220.41

c) $12,308.99

d) $18,938.90

e) $44,835.28

What is future value?

The future value (FV) of any asset can be understood as an increase in its value at a fixed rate over a period of time. For a given principal sum P, rate of interest r, and time period t, the future value of an asset can be calculated as:

FV=P*(1+r) ^t

We can find future value as shown below:

P=$8,000

t=5 year

a) r=6%=0.06

FV=8000*(1+0.05) ^5

=8000*(1.0) ^5

=$10,210.25

b) r=7%=0.07

FV=8000*(1+0.07) ^5

=8000*(1.07) ^5

=$11,220.41

c) r=9%=0.09

FV=8000*(1+0.09) ^5

=$12,308.99

d) r=9% compounded semiannually

= 0.09

t=2*5=10

FV=8000*(1+0.09) ^10

=8000*(1.09) ^10

=$18,938.90

e) r=9 percent compounded quarterly

=0.09

t=5*4=20

FV=8000*(1+0.09) ^20

=8000*(1.09) ^20

=$44,835.28

Learn more about Future value here:

brainly.com/question/7463006

#SPJ2

3 0
2 years ago
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