Susan deposits $100 into a savings account that earns simple interest at a rate of 5%. If she makes no withdrawals, how much tot
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"13" or "more than 13" rides will make the weekly unlimited pass more cost effective. A further solution is provided below.
The given values are:
- Base fare per ride = $2.75
- Discount = 5%
- Weekly unlimited Metro Card costs = $32
The Fare after discount will be:
=
=
=
= ($)
hence,
In $32, the minimum number of rides will be:
=
=
or,
= 13
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