Answer:
5
Step-by-step explanation:
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Answer:
$1015.11
Step-by-step explanation:
Compounded interest rate formula: A = P(1 + r/n)^t
Step 1: Plug in known variables
A = 1000(1 + 0.005/12)^36
Step 2: Multiply it all together
1000(1.00042)^36
1000(1.01511)
1015.11
This is a pretty bad bank considering only giving you .5% interest per month.
Answer: For 10 sessions, the cost of the two plans the same.
Step-by-step explanation:
Let x= Number of sessions.
Given: Christian’s Gym charges a one-time fee of $50 plus $30 per session for a personal trainer.
Total charge for x sessions = 50+30x
Nicole's fitness center charges a yearly fee of $250 plus $10 for each session with a trainer.
Total charge for x sessions = 250+10x
When both plan charges the same, then

i.e. For 10 sessions, the cost of the two plans the same.