an insurance company crashed 4 cars at 5 mph the cost for each 4 crashes was $417, $454, $415, $232. compute the range, sample v
2 answers:
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Answer:
$722444.49386776
Step-by-step explanation:
Use Compound Intrest Formula
- where p is the original amount.
- R is the amount of percentage compounded
- N is amount of times compounded per year.
- T is how long the interest last.
P is 400,00p
T is 12% or 0.12
N is 4 since it is compounded quarterly
T is 5.
Plug the values in
Ypu get
$722444.49386776
Greetings!
Substitute:
Now we can input this into the other equation so, we only have one variable.
Solve for y.
Distribute the parenthesis.
Combine Like Terms.
Add -50 to both sides.
Simplify.
Divide both sides by 0.01.
Simplify.
Input this value into the other equation.
Add -700 to both sides.
Simplify.
The answer would be 300,700
Hope this helps.
-Benjamin
Substitute:
Now we can input this into the other equation so, we only have one variable.
Solve for y.
Distribute the parenthesis.
Combine Like Terms.
Add -50 to both sides.
Simplify.
Divide both sides by 0.01.
Simplify.
Input this value into the other equation.
Add -700 to both sides.
Simplify.
The answer would be 300,700
Hope this helps.
-Benjamin