So your present value is 7750. this is what you have now. they give you the intesrest rate which is 4% and how the amount of year is 5.
recall the formula for a compounded continously is
P×e^(r×t)
the answer is 7750×e^(.04×5)
The line plot smallest number always goes first biggest number goes last
first, ignore the rent for the skies. we could add it to both, but since it's the same, it would not change the number of days here.
this information is meant to test your decision making on what's important for the question.
now just ask how often you can pay $68 dollars per day while staying below 300 in total, you can just count it up.
68, 136, 204, 272, 340
its 4 days
for 5 days or more, the season pass is the better option
<h2>what is the equation so i could answer it </h2>
The decimal of 2.1 is greater than 2.0 but less than 2.42