Solution:
<em>Simple Interest = Principal Amount × Rate of Interest/100 × Time</em>
Here, Principal Amount = $6000
Rate of Interest = 6%
Time = 4 years
Simple Interest = 6000 × 6/100 × 4 = <em>$1440</em>
Let x be the number of minutes Peg and Larry used their phones. So their costs can be written as:
Cost of Peg's Phone usage = 25 + 0.25x
Cost of Larry's Phone usage = 35 + 0.20x
We are to find when the Peg's phone will be more than Larry's phone. We can set up the inequality as:
25 + 0.25x > 35 + 0.20x
Re-arranging the inequality
0.25x - 0.20x > 35 - 25
0.05x > 10
x > 10/0.05
x > 200
Thus, Pag's phone will cost more if the number of minutes of phone usage is more than 200
Answer:
it costs 2 dollars :)
Step-by-step explanation:
