It does not say simple or compound interest.
Simple interest is rarely used these days, so assume compound.
Use the standard formula:
future value = present value*(1+rate/n)^(nt)
n=number of times interest is compounded per year (=1)
t=number of years
Plugging values,
200=100(1.09)^t
1.09^t = 2
take log
t(log(1.09))=log 2
t=log(2)/log(1.09)=0.6931/0.08618=8.04 years.
Answer:
1. 300
2. x-axis
3. 150
Step-by-step explanation:
Answer:
14
Step-by-step explanation:
d=c/pi
45/pi=14
Answer:
Options 2), 4), and 5) are correct
Step-by-step explanation:
<u>Rock the House Digital Designs</u>
<u>Elegant Home Architects</u>
===========================
<u>Answer options:</u>
1)The expression 50h represents the total charge for Rock the House Digital Designs.
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Incorrect. Additional $500 charged.
2)The expression 75h represents the total charge for Elegance Home Architects.
3)The expression 500 + 75h + 50h represents the total amount the Nelsons will spend working drawings of their new house plans.
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Incorrect. They will choose one of the options.
4)If the Nelsons hire the design firm for 15 hours, then Elegance Home Architects will be cheaper.
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Correct. It will cost 15*75 = $1125. Alternative costs 500 + 50*15 = $1250
5)If the Nelsons hire the design firm for 25 hours, then Rock the House Digital Designs will be cheaper.
- Correct. It will cost 500+25*50 = $1750. Alternative cost is 25*75 = $1875