I wish to have $10,000 at the end of 8 years in a bank offering a simple interest rate of 7.5% per year. How much should I depos
1 answer:
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The monthly rate is $45 for this cellphone plan.
Step-by-step explanation:
Given,
Amount charged for cell phone = $60
Amount paid by Regina for 24 month plan = $1140
Number of months = 24
Let,
m be the monthly rate for cellphone plan
Number of months * Monthly rate + cellphone charges = Amount paid
Dividing both sides by 24
The monthly rate is $45 for this cellphone plan.
Keywords: subtraction, division
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