At your child's birth, you begin contributing monthly to a college fund. The fund pays an APR of 4.1% compounded monthly. You fi
1 answer:
You might be interested in
Use the Pythagprean theorem:
We have:
Substitute:
We have:
Substitute:
Set up a system of equations like this, where "k" represents a kolache and "d" represents a donut:
We're solving for d. First, we can rearrange the second equation to have it equal k:
Next, we can substitute this in for k in the first equation:
Finally, we can get the value of d if we solve this equation:
You can buy a donut at Sunrise Donuts for $0.94.
We're solving for d. First, we can rearrange the second equation to have it equal k:
Next, we can substitute this in for k in the first equation:
Finally, we can get the value of d if we solve this equation:
You can buy a donut at Sunrise Donuts for $0.94.