39,975 + 6.5% tax rate every month
1 answer:
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Answer:
Option d. the initial amount of money placed in the savings account
Step-by-step explanation:
we have
This is a exponential function of the form
where
a is the initial value
r is the growth rate
(1+r) is the base
x is the number of years
f(x) is the amount of money in a savings account
In this problem we have
a=$3,005
r=0.03=3%
(1+r)=1.03
therefore
3,005 represent the initial value ( the amount of money for the value of x equal to zero)
Answer:
Stefan originally spent $110.
Stefan made a profit of $44.
Step-by-step explanation:
Given that:
Stefan sold the bike and helmet for $137 and $17
Total amount = 137+17 = $154
This is 140% of the price Stefan originally paid.
Let,
x be the original price paid by Stefan
140% of x = $154
Therefore,
Stefan originally paid $110 for the bicycle and helmet.
Profit made by Stefan = 154-110 = $44
Hence,
Stefan originally spent $110.
Stefan made a profit of $44.