Answer:
Step-by-step explanation:
i do not know
Answer: C.
Step-by-step explanation: I used m.athway
Answer:
$17,771.92
Step-by-step explanation:
A = P (1 + r/n)^nt
A = Future value (the answer you're trying to find)
P = Initial deposit ($1000)
R = Interest rate (8.25%; this will be represented as a decimal in the equation (.0825))
N = # of times interest is compounded per unit t (12)
T = Time (35)
35 * 12 = 420
1000 (1 + .0825/12)^420
1000(1.006875)^420
1000*17.77191635
A = $17,771.92 (rounded to the nearest hundredths)
Answer:
The minimum number of miles you would need to drive in a month to make the first deal a better deal is 66.6 miles.
Step-by-step explanation:
For the first deal to be a better deal it has to cost less than the second plan and you can write an equation in which the first plan has a lower cost than the second one:
10+0.60m<0.75m, where:
m is the number of miles driven
Now, you can solve for m:
10<0.75m-0.60m
10<0.15m
10/0.15<m
m>66.6
According to this, the answer is that the minimum number of miles you would need to drive in a month to make the first deal a better deal is 66.6 miles.
