Considering that you mean 6.5% interest yearly, the interest gained would be:
$146.25
and the total amount would be $896.25
Hope this helped!
Answer:
1.333 repeated
Step-by-step explanation:
Answer:
1. members = $ 160 , non members = $ 80
2. members = $ 168 , non members = $ 120
Step-by-step explanation:
For members
Annual membership = $ 144
rent per visit charges = $ 4
For Non members
parking charges = $ 5
admission charges = $ 11
rent per visit = $ 4
(1) for 4 visits
Members pay = $ 144 + 4 x $ 4 = $ 160
Non members pay = 4 x $ 11 + 4 x $ 5 + 4 x $ 4 = $ 80
So, non member ship is better.
(2) for 6 visits
Members pay = $ 144 + 6 x $ 4 = $ 168
Non members pay = 6 x $ 11 + 6 x $ 5 + 6 x $ 4 = $ 120
So, non member ship is better.
The answer is 1.869 or 1.87