Answer:
<u>7</u><u>0</u><u>5</u><u>.</u><u>9</u><u>2</u><u> </u>
Step-by-step explanation:
hope it's help
#MASTER GROUP
# FIRST MASTER
<u>#</u><u> </u><u>PHILIPPINES</u>
a) The formula for compound interest is:
Total = starting amount x (1 + interest rate)^ number of years
b)
Using the given information you have:
1200 = 500 x (1+0.045)^x where x is the length of time you want to find.
1200 = 500 (1.045)^x
Divide both sides by 500:
2.4 = 1.045^x
Use natural logarithms:
ln(1.045^x) = ln(2.4)
Solve for x:
X = ln(2.4) / ln(1.045)
X = 19.889 years ( Round the answer as needed).
Answer:
C = $137.50
Step-by-step explanation:
Okie dokie, so we already know he charges $50 just for a service call, plus 25 per hour, so let's say the total charge is C.
Now, let's make an equation:
C = 50 + 25(3.5)
Now, multiply 25 and 3.5 together:
C = 50 + 87.5
Now we just combine the like terms:
C = $137.5
Hope this helps :)
