Answer:
$13.68
Step-by-step explanation:
Assuming they rent for 1 year, the cost is broken down as follows:
Annual renting cost = 22% of 722.98 =
Usage charge = 3.2% of 159.06 =
Thus,
Total annual charge = Annual renting cost + Usage charge = 159.06 + 5.09 =164.15
Monthly rental charge would be 164.15 divided by 12 (12 months in 1 year):
dollars
Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
Step-by-step explanation:
Factor out of