Danielle earns a 8.25% commission on everything she sells at the electronics store where she works. She also earns a base salary
1 answer:
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Answer:
They will each have saved $70.
Jessica is saving at a faster rate than Raphael.
The rate at which Jessica is adding to her savings is $4 per week more than the rate at which Raphael is adding to his savings.
Step-by-step explanation:
The formula for Jessica’s savings is
y = 10x + 20
She is saving at the rate of $10/wk .
From Raphael’s table, he started with $40 and is saving at the rate of $6/wk.
The formula for Raphael’s savings is
y = 6x +40
When the two savings are equal
10x + 20 = 6x + 40 Subtract 20 from each side
10x = 6x + 20 Subtract 6x from each side
4x = 20 Divide each side by 4
x = 5
Their savings will be equal after five weeks.
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After five weeks , Jessica will have saved
y = 10×5 + 20
y = 50 + 20
y = $70
Raphael has also saved $70.
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Jessica is saving at a faster rate than Raphael.
She is saving at the rate of $10/wk, while he is saving at the rate of $6/wk.
The rate at which Jessica is adding to her savings is $4/wk more than the rate at which Raphael is adding to his savings.
The red line in the graph shows that Jessica starts with $20. After five weeks, she has caught up to Raphael, who also has $70 after five weeks.
Answer: The answer is (C) Exponential.
Step-by-step explanation: We are to select out of the given options the type of graph that a savings account with compounded interest be modelled.
We know that compounding gives more interest because we are earning interest on interest, and not just on the principal.
The formula foe compound interest is given by
where, 'P' is the principal, r is the rate of interest and 'n' is the number of years.
Therefore, we can see that the function is of exponential type.
If we draw the graph of compound interest earned every year with a particular rate of interest is of exponential type.
So, the correct option is (C) Exponential.