18/4, 27/6, 36/8 are equivalent
Answer:
Step-by-step explanation:
Given data
P= 45,000
rate= 18%
Recall the expression for the compound interest
Since we are talking of depreciation
Substitute
Hence the exponential function is
Answer:
Soleil and Malvin would have $ 5,000 all together after 13 days.
Step-by-step explanation:
Since Soleil and Malvin each work a job, and Soleil starts with $ 700 and makes $ 100 per day while Malvin starts out with $ 200 and makes $ 120 per day, to determine after how many days will they have at least $ 5000 all together it must be done the following calculation:
5,000 - 700 - 200 = 4,100
200X + 120X = 4,100
320X = 4,100
X = 4,100 / 320
X = 12.8
So Soleil and Malvin would have $ 5,000 all together after 13 days.
