At the beginning of year 1, Josie invests $400 at an annual compound interest
1 answer:
Answer:
The explicit formula that can be used is
The account's balance at the beginning of year 3 is
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
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that only happens if you drive it for 60 miles, what if you drive it for more, let's do a quick table on that,
and so on, now let's check if you less than 60 miles,
so, if you divide the amount of miles driven, by 60, when you have driven it for 120 miles, 120/60 is just 2, and the cost is for 2 gallons, or 3.6 * 2, which is 7.2 bucks, for 180 miles is 180/60 or 3 gallons for 3.6 * 3 bucks, and so on.
now, what if you drive it instead for "m" miles?
that only happens if you drive it for 60 miles, what if you drive it for more, let's do a quick table on that,
and so on, now let's check if you less than 60 miles,
so, if you divide the amount of miles driven, by 60, when you have driven it for 120 miles, 120/60 is just 2, and the cost is for 2 gallons, or 3.6 * 2, which is 7.2 bucks, for 180 miles is 180/60 or 3 gallons for 3.6 * 3 bucks, and so on.
now, what if you drive it instead for "m" miles?