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Hunter-Best [27]

3 years ago

9

Two swim clubs are having a membership sale. Aqua Plus is offering a two-year membership for $237.36. Water World is offering an

18-month membership for $184.50. Which describes the swim club that has the lower-priced offer?

2 answers:

galina1969 [7]3 years ago

8 0

Divide the price by the number of months to find the monthly rate.
<span>$237.36 ÷ 24 = $9.89 per month </span>
<span>$184.50</span><span> ÷ 18 = $10.25 per month

The two year club, Aqua Plus is cheaper

</span>

DochEvi [55]3 years ago

6 0

Aqua Plus is a better deal.

There is 24 months in two years.

Add $184.50 + $184.50 = $369

If you then subtract $369 - $237.36 = $131.64

Your paying $131.64 for 6 months more than Aqua Plus' deal.

You could buy two memberships at Aqua Plus and have it for four years and it would be cheaper than Water World 1 year and 6 months.

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Read 2 more answers

Anna starts a fixed deposit with $178000, the bank offers 9.5% per year simple interest for 8 months. she has the option of rest

soldier1979 [14.2K]

Using simple interest, we have that:

A) The interest due after 8 months is $11,272.33.

B) The total value of the investment will be of $189,986.24.

The amount of interest earning using <em>simple interest</em>, after <u>t years</u>, with an <u>yearly interest rate of i</u> and an <u>initial investment of P</u> is given by:

$E = Pit$

In this problem:

Deposit of $178,000, hence $P = 178000$ .
Interest rate of 9.5% per year, hence $i = 0.095$ .
8 months, the time is in years, hence $t = \frac{8}{12} = \frac{2}{3}$

Item a:

$E = Pit$

$E = 178000(0.095)\frac{2}{3} = 11272.33$

The interest due after 8 months is $11,272.33.

Item b:

For the second interest, we consider $P = 11272.33$ , hence:

$E_2 = Pit$

$E_2 = 11272.33(0.095)\frac{2}{3} = 713.91$

The total value will be composed by:

The initial deposit of $178,000.
The first interest of $11,272.33.
The second interest of $713,91.

Hence, it will be:

$T = 178000 + 11272.33 + 713.91 = 189986.24$

The total value of the investment will be of $189,986.24.

A similar problem is given at brainly.com/question/13176347

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