3. Kate's "Dining Card" entitles her to $10 off the price of a meal after a 15% tip has been added to the
1 answer:
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Answer:
11 ≤ n
Explanation:
More than indicates the minimum value, so you use the greater than or equal to.
The above answer is written in reverse, which the exact same result.
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Answer:
Step-by-step explanation:
Since we have an amount in the future of 750, we are going to use Future value formula; FV = PV (1+r)^t
where PV= Initial amount deposited
r= interest rate or discount rate
t = total duration of the investment
FV= 750
PV=500
r = 2.5% or 0.025 as a decimal
t = ?
Next, plug in the numbers into the formula;
750 = 500* (1+0.025)^t
divide both sides by 500;
750/500 = 1.025^t
Introduce <em>ln</em> on both sides
ln 1.5 = ln
ln 1.5 = t ln 1.025
0.4054651 = 0.0246926 t
Divide both sides by 0.0246926 to solve for t;
0.4054651/0.0246926 = t
t = 16.42
Therefore it will take 16.42 years