Answer:
How much did it costs for them to rent the car for the five weeks they owned it?
Step-by-step explanation:
Answer:
isnt it 41
Step-by-step explanation:
Using compound interest, it is found that:
- The equation is:
- After 3 years, he has $4,252 in the account.
- After 10 years, he has $6,608 in the account.
<h3>What is compound interest?</h3>
The amount of money earned, in compound interest, after t years, is given by:
In which:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
- t is the time in years for which the money is invested or borrowed.
In this problem:
- Jack was given $3520 from his grandma, hence P = 3520.
- The account pays 6.5% interest rate that is compounded annually, hence n = 1, r = 0.065.
Hence, the equation is:
After 3 and 10 years, respectively, the amount in dollars in the account are given by:
More can be learned about compound interest at brainly.com/question/25781328
if the equation has a slope of 0, then it's a horizontal line, and in this case, that line is 1 because 1 = 0+B and b=1
the answer is y=1