The equation for finding increase in interest is y = a * b^x
a= initial value
b= increase rate ( 1 + r)
x= time
to find the 6.8% increase:
y = 25,250 (1 + 0.068)^10
**0.068 = 6.8% as a decimal
Solve using a calculator:
y = 48749.92 (round to the hundredth place since it is money)
Now solve the same equation using the 3.4% interest rate.
y = 25,250 (1 + 0.034)^10
Solve using a calculator.
y = 35274.98 (round to the hundredth place since it's money)
To find how it compares, subtract 35274.98 from 48749.92
48749.92 - 35274.98 = 13474.94
It increases at a faster rate as compared with the interest rate of 3.4%
Answer:
Step-by-step explanation:
Use the distributive property.
Answer:
T-shirts = t
Price = 8.25
Coupon = - 5.00
p is total price.
t is number of t-shirts.
Function:
p = $8.25t - $5.00
How much would you pay during Bargain Days for 11 shirts?
t = 11
p = 8.25(11) - 5.00
p = 90.75 - 5.00
p = $85.75
The absolute value is the distance between a number and zero. The distance between
−10 and 0 is 10