Answer:
40 miles a day
Step-by-step explanation:
The difference in fixed charge is $20; the difference in mileage charge is $0.50 per mile. So it will take $20/$0.50 = 40 miles for the extra mileage cost to eat up the savings in fixed cost. At that mileage, both companies will charge the same amount:
A: 90 + 0.30·40 = 102
B: 70 + 0.80·40 = 102
Just add them together
9 + 12 = 21
Ok so, here goes:
simple interest: r- rate, A- amount in the end, t- time, P- principal
<span>r = (1/t)(A/P - 1)
</span>Putting in our numbers
r = (1/4)((21236/5309) - 1) = 0.75
r = 0.75
Converting r decimal to R a percentage
R = 0.75 * 100 = 75%/year
The interest rate required to get a total amount, principal plus interest, of $21,236.00 from simple interest on a principal of $5,309.00 over 4 years is 75% per year.
Answer:
2y-3x=10
Step-by-step explanation:
Answer:
Your current CD matures in a few days. You would like to find an investment with a higher rate of return than the CD. Stocks historically have a rate of return between 10% and 12%, but you do not like the risk involved. You have been looking at bond listings in the newspaper. A friend wants you to look at the following corporate bonds as a possible investment.
Step-by-step explanation:
