Answer:
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Complete Question
Sophie pays m dollars to rent a car for the weekend. On the drive home, she buys $45 worth of gasoline. Her friend Melody pays for one-half the cost of the car rental only. Write an expression you could use to determine how much Sophie spent.
Answer:
1/2m + 45
Step-by-step explanation:
We are told in the question that:
On the drive home, she buys $45 worth of gasoline.
Her friend Melody pays for one-half the cost of the car rental only.
Sophie pays m dollars to rent a car for the weekend.
The amount sophie pays for car rental = m - 1/2m
= 1/2m
Therefore, the expression used to determine how much sophie spent is written as:
1/2 × $m + $45
1/2m + 45
Answer:
<u>The balance in the account after 10 years is US$ 2,442.81</u>
Step-by-step explanation:
1. Let's review the data given to us for answering the question:
Investment amount = US$ 2,000
Duration of the investment = 10 years
Annual interest rate = 2% compounded continuously
2. Let's find the future value of this investment after 10 years, using the following formula:
FV = PV * eˣ ⁿ
PV = Investment = US$ 2,000
number of periods (n) = 10 (10 years compounded continuously)
rate (x) = 2% = 0.02
e = 2.71828 (Euler's number)
Replacing with the real values, we have:
FV = 2,000 * (2.71828)^0.02*10
FV = 2,000 * 2.71828^0.2
FV = 2,000 * 1.2214027
<u>FV = US$ 2,442.81</u>
