Answer:
In 9 years, you will have $5,499.18
Steps:
Note
A = Final Amount
P = Principal Amount
R = Interest Rate
N = # of times interest is compounded
T = Time in years
A = P(1 + r/n)^nt
A = ?
P = 4000
R = 0.036
N = 1
T = 9
A = 4000(1 + 0.036/1)^1*9
A = 5499.18
The Lea thing of ce are 1.25
In constructing the equation, you need to know the following:
1. What don't we know? How many minutes you must talk to have the same cost for both calling plans. So, let x be the number of minutes.
2. What do we know? Plan 1 charges $17.50 per month plus $0.17 per minute used and Plan 2 charges $32 per month plus $0.07 per minute used.
So the equation must look like this: 17.50 + .17x = 32 + 0.07x
Solving the equation:
1. Multiply both sides by 100
(100) 17.5 + .17x = 32 + 0.07x (100)
1750 + 17x = 3200 + 7x
2. Subtract 1750 from both sides
1750 + 17x - 1750 = 3200 + 7x - 1750
17x = 7x +1450
3. Subtract 7x from both sudes
17x - 7x = 7x + 1450 - 7x
10x = 1450
4. Divide both sides by 100
10x / 10 = 1450/10
x= 145 minutes
145 minutes is the number of minutes you must talk to have the same cost for both calling plans.
Answer:
315
Step-by-step explanation:
If 70 children is 2 parts, one part is 35
35*9 is 315