Is square root of 12 over 4 is irrational or rational and why
2 answers:
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$7881.18
Step-by-step explanation:
Let the initial Investment be . The Interest is compounded on a monthly basis at 12% annual interest rate. After 17 years, the Investment amounts to $60,000.
As the annual interest rate is 12%, the monthly interest rate is 1%.
Since this is a compound interest problem, the total amount can be modeled as follows:
Here is the interest rate, i.e
, and t is the number of time periods, i.e
=
∴ Initial Investment = $7881.18
Solution: The regression equation is:
Where x is the number of years since it opened in 2003.
We have to find the cost of a vehicle to drive through the safari in 2008.
Therefore using the given equation, we have:
Therefore, the best estimate for the cost of a vehicle to drive through the safari in 2008 is $8.42.
Hence the option C.$8.42 is correct