Answer:
Step-by-step explanation:
Let x be the distance driven, d-distance and C our constant.
Our information can be presented as:
#Subtracting equation 2 from 1:
Hence the fixed cost per mile driven, is $0.20
To find the constant, we substitute
in any of the equations:
Now, substituting our values in the linear equation:
#y=cost of driving, x=distance driven
Hence the linear equation for the cost of driving is y+0.2x+284
Answer:
The total amount due after five years is $57,000.
Step-by-step explanation:
Recall that simple interest is given by the formula:
Where <em>A</em> is the final amount, <em>P</em> is the principal amount, <em>r</em> is the rate, and <em>t</em> is the time (in years).
Since we are investing a principal amount of $38,000 at a rate of 10.0% for five years, <em>P</em> = 38000, <em>r</em> = 0.1, and <em>t</em> = 5. Substitute:
Evaluate. Hence:
The total amount due after five years is $57,000.