The cost of parking is an initial cost plus an hourly cost.
The first hour costs $7.
You need a function for the cost of more than 1 hour,
meaning 2, 3, 4, etc. hours.
Each hour after the first hour costs $5.
1 hour: $7
2 hours: $7 + $5 = 7 + 5 * 1 = 12
3 hours: $7 + $5 + $5 = 7 + 5 * 2 = 17
4 hours: $7 + $5 + $5 + $5 = 7 + 5 * 3 = 22
Notice the pattern above in the middle column.
The number of $5 charges you add is one less than the number of hours.
For 2 hours, you only add one $5 charge.
For 3 hours, you add two $5 charges.
Since the number of hours is x, according to the problem, 1 hour less than the number of hours is x - 1.
The fixed charge is the $7 for the first hour.
Each additional hour is $5, so you multiply 1 less than the number of hours,
x - 1, by 5 and add to 7.
C(x) = 7 + 5(x - 1)
This can be left as it is, or it can be simplified as
C(x) = 7 + 5x - 5
C(x) = 5x + 2
Answer: C(x) = 5x + 2
Check:
For 2 hours: C(2) = 5(2) + 2 = 10 + 2 = 12
For 3 hours: C(3) = 5(3) + 2 = 15 + 2 = 17
For 4 hours: C(3) = 5(4) + 2 = 20 + 2 = 22
Notice that the totals for 2, 3, 4 hours here
are the same as the right column in the table above.
6% of her $37,000 in sales: 37,000 x 0.06 = 2220
Salary $1,800 + $2,220 (commission) = $4,020
So her total earnings: $4,020
Your answer is x = 3 because if you take 150 and subtract it by both sides:
150 - 35x = 45
-150 -150
you have to cross out both 150 and -150, take 45 and subtract 150 which will give you -105.
-35x = -105
take -35 and divide by both sides. Cross out the two -35's. Take -105/-35 which your answer is x = 3. Hopes this helps. :)
~Shadow
Answer:
<em>It will take 14 years before the investment triples</em>
Step-by-step explanation:
<u>Continuous Compounding</u>
Is the mathematical limit that compound interest can reach if it was calculated and reinvested into an account's balance over a theoretically infinite number of periods.
The formula for continuous compounding is derived from the formula for the future value of a compound interest investment:

Where:
FV = Future value of the investment
PV = Present value of the investment
i = Interest rate
t = Time
It's required to find the time for an investment to triple, that is, FV = 3 PV, knowing the interest rate is i=8%=0.08.
Substituting the known values:

Dividing by PV:

Taking logarithms:

Solving for t:


t = 13.7 years
Rounding up:
It will take 14 years before the investment triples
Answer;
It’s 1.1728395e+16