Y=-2 should be the answer
Answer:
193 shoppers
Step-by-step explanation:
2nd 120 +12
3rd 132+13.2
4rd 145.2+ 14.52
5th 159.72+15.972
6th 175.692 +17.5692
7th 193.2612
Answer:
$14,048.62
Step-by-step explanation:
The interest is 9% per year and compounded 3 times a year, so each compound will be 9%/3 = 3%
The time elapsed will be 15 years and the interest compounded 3 times a year, so the number of compounds happens will be = 15 years* 3 compounds/year= 45x compound.
So basically the money will get 3% interest 45 times. To put into the compounding interest formula, the final account balance will be:
A = P (1 + [ r / n ]) ^ nt
A= amount of the balance after a period of t
P= principal, the initial money deposit( $3,715)
r= rate(9%)
n= number of compound per unit of time(3 times per year)
t= time(15 years)
The calculation will be:
A = P (1 + [ r / n ]) ^ nt
A = 
A = $14,048.62
There are 12 months in a year. The rental term is for 2 years, that's a total of 24 months.
They pay $505 every month
24 months × $505 = $12,120 paid over the lease term.
answer is D.