Una estudiante gráfica muestras de mayolicas que desea comprar su papa para poner en el piso de la ducha. Las representaciones g
1 answer:
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Answer:
$11.10 per gallon.
Step-by-step explanation:
There are 4 quarts in a gallon so the cost of a gallon of oil currently is 1.85×4=$7.40
If the gallon price of oil goes up 50% then our answer is: 7.40×=
=11.1
The price of oil in March will be $11.10 per gallon.
Given the two options above, in order to come up with the best plan we have to calculate the future value of money in each plan.
compound interest is given by:
Option 1
p=$500
r=2%=0.02
t=1 year
Option 2
p=$500
r=2/12=1/6
n=1*12=12
hence:
=$509.09
Comparing the two plans above, option 1 is the best.
b] Option 1 is the best because she will secure $510 as compared to option 2 which has interest rate that reduces her amount by $1 after one year due to annual charges. The total amount of money she will have at the end of the plan is $510.
compound interest is given by:
Option 1
p=$500
r=2%=0.02
t=1 year
Option 2
p=$500
r=2/12=1/6
n=1*12=12
hence:
=$509.09
Comparing the two plans above, option 1 is the best.
b] Option 1 is the best because she will secure $510 as compared to option 2 which has interest rate that reduces her amount by $1 after one year due to annual charges. The total amount of money she will have at the end of the plan is $510.