This is a variation word problem.
1 answer:
You might be interested in
In order to find the area of a rectangle, the formula is L*W (Length multiplied by Width). Our goal is to find these two measurements, so we will take the following steps:
1) Plot the coordinates on a graph (I have attached a visual guide)
2) Using the Pythagorean Theorem, or the Distance formula we can find the length and width:
3) We will use these values in the Area formula for a rectangle (L*W)
4) After solving the Area formula with the values retrieved from the Distance Formula we find that the area is roughly 30 units squared.
1) Plot the coordinates on a graph (I have attached a visual guide)
2) Using the Pythagorean Theorem, or the Distance formula we can find the length and width:
3) We will use these values in the Area formula for a rectangle (L*W)
4) After solving the Area formula with the values retrieved from the Distance Formula we find that the area is roughly 30 units squared.
Given the two options above, in order to come up with the best plan we have to calculate the future value of money in each plan.
compound interest is given by:
Option 1
p=$500
r=2%=0.02
t=1 year
Option 2
p=$500
r=2/12=1/6
n=1*12=12
hence:
=$509.09
Comparing the two plans above, option 1 is the best.
b] Option 1 is the best because she will secure $510 as compared to option 2 which has interest rate that reduces her amount by $1 after one year due to annual charges. The total amount of money she will have at the end of the plan is $510.
compound interest is given by:
Option 1
p=$500
r=2%=0.02
t=1 year
Option 2
p=$500
r=2/12=1/6
n=1*12=12
hence:
=$509.09
Comparing the two plans above, option 1 is the best.
b] Option 1 is the best because she will secure $510 as compared to option 2 which has interest rate that reduces her amount by $1 after one year due to annual charges. The total amount of money she will have at the end of the plan is $510.