A family charges a trip to the zoo on a credit card. The simple interest rate is 12%. The charges are paid after 3 months. What
1 answer:
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Answer:
a; she will have $8812
b: It will be enough for her trip
Step-by-step explanation:
In this question, we are tasked with calculating how much a certain value in a savings account that is earning an interest that is compounded annually will be worth.
To calculate this, we use the compound interest formula;
A = P(
Where A is the amount after that number of years which of course we want to calculate
P is the principal amount which is the amount we are investing which is $6439 according to the question
r is the interest rate which is 4% = 4/100 = 0.04
t is the time which is 8 years
n is 1 which is the number of times interest will be compounded annually
We plug these values as follows;
A = 6439(1 + 0.04/1)^8
A = 6439(1.04)^8
A = $8,812.22
This amount is greater then the needed $8,500 for the trip and of course it will be enough
I FOUND YOUR COMPLETE QUESTION IN OTHER SOURCES.
SEE ATTACHED IMAGE, PLEASE.
The first thing we must do for this case is to define variables.
n = number of 5k races covered
f = end time.
We have the following equation:
f = -1.2n + 38.1
We note that the slope of the line is:
m = -1.2 minutes per race
Therefore, the time decreases 1.2 minutes when the number of races increases n.
Answer:
The model predicts that for each additional race to runner has run, the finishing time decreases by about 1.2 minutes
SEE ATTACHED IMAGE, PLEASE.
The first thing we must do for this case is to define variables.
n = number of 5k races covered
f = end time.
We have the following equation:
f = -1.2n + 38.1
We note that the slope of the line is:
m = -1.2 minutes per race
Therefore, the time decreases 1.2 minutes when the number of races increases n.
Answer:
The model predicts that for each additional race to runner has run, the finishing time decreases by about 1.2 minutes
Answer:
a) On average, homes that are on busy streets are worth $3600 less than homes that are not on busy streets.
Step-by-step explanation:
For the same home (x1 is the same), x2 = 1 if it is on a busy street and x2 = 0 if it is not on a busy street. If x2 = 1, the value of 't' decreases by 3.6 when compared to the value of 't' for x2=0. Since 't' is given in thousands of dollars, when a home is on a busy street, its value decreases by 3.6 thousand dollars.
Therefore, the answer is a) On average, homes that are on busy streets are worth $3600 less than homes that are not on busy streets.