<span>Compound Interest is calculated on the initial payment and also on the interest of previous periods.
So after 1 year w/ 5% interest, $10 -> $10*1.05 = $10.5
after 2 year, the total becomes $10.5*1.05 = $11.025
formula to calculate is 10*(1.05)^50 = $114.67
ans is A</span>
Answer:
The rate of the current is 2 miles per hour.
Step-by-step explanation:
Let us assume that the rate of the river is v miles per hour.
The speed of the boat is 12 miles per hour.
Let us assume also that the boat can go 21 miles in t hours in the downstream and 15 miles upstream at the same time i.e. t hours.
So, from the condition given we can write that
......... (1), and
......... (2)
Now, adding those two equations we get
⇒ 
hours
Now, from equation (1), we get,
⇒ v = 2 miles per hour
Therefore, the rate of the current is 2 miles per hour. (Answer)
Answer:
$14,467.25 i hope this helps :)
Step-by-step explanation:
25% of 57,869.00 = $14,467.25
Answer:
The indifference point is 100 minutes.
Step-by-step explanation:
Giving the following information:
Plan a cost $23 plus an additional $.08 for each minute of calls.
Plan B cost $19 an additional $.12 for each minute of calls.
<u>First, we need to establish the total cost formula for each plan:</u>
Plan A= 23 + 0.08*x
Plan B= 19 + 0.12*x
x= number of minutes
<u>Now, to calculate the indifference point, we equal both formulas and isolate x:</u>
23 + 0.08x = 19 + 0.12x
4 = 0.04x
100= x
The indifference point is 100 minutes.
<u>Prove:</u>
Plan A= 23 + 0.08*100= $31
Plan B= 19 + 0.12*100= $31
Answer:
x ≤ 4
Step-by-step explanation:
6x + 3 ≤ 27 subtract 3 both sides
6x ≤ 24 divide 6 both sides
x ≤ 4 There's your answer
