An easier way to think of this problem is just keep adding for each additional hour:
0.5 hours --> $2
1.5 hrs --> $3.75
2.5 hrs --> $5.50
3.5 hrs --> $7.25
and since you can only spend $7, the maximum time is 2.5 hours
= $ 32,275.00
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 4.85%/100 = 0.0485 per year,
putting time into years for simplicity,
24 quarters ÷ 4 quarters/year = 6 years,
then, solving our equation
A = 25000(1 + (0.0485 × 6)) = 32275
A = $ 32,275.00
The total amount accrued, principal plus interest,
from simple interest on a principal of $ 25,000.00
at a rate of 4.85% per year
for 6 years (24 quarters) is $ 32,275.00.
Answer:
b. She paid $30 for each chair.
Answer:
mews jh
Step-by-step explanation:
I solved it but don’t know how to show my work
