Answer:
<em>1500(1.02)^x + 600x</em> is how much he has in savings at the end of x years where it be in the bank or elsewhere
Step-by-step explanation:
x is in years
Let's just think about the investment of 1500 in an account earning 2% per year.
Before the years even start, you are at 1500 ( present value).
The next year (year 1), it would be 1500*.02+1500=(1500)(1.02).
The next year (year 2), it would be 1500(1.02)(.02)+1500(1.02)=1500(1.02)(1.02).
We keep multiplying factors of (1.02) each time.
So for year x, you would have saved 1500(1.02)^x.
Now we are saving 50 cash per month. Per year this would be 12(50) since there are 12 months in a year. 12(50)=600.
So the first year you would have 600.
The second year you would have 600(2) or 1200.
The third year you would have 600(3) or 1800.
Let's put this together:
1500(1.02)^x + 600x
Answer:
y = -2x + 5
Step-by-step explanation:
Given:
Passes through point (1, 3)
Perpendicular to x – 2y = -8
Solve:
x – 2y = -8
y = 1/2x + 4
The slope is m = 1/2
The slope of the perpendicular line is the inverse of the slope of the original equation.
The slope of the inverse equation is m = -2.
Making an inverse equation of y = -2x + a
Find a:
Use point, (1, 3) where (x, y):
3 = (-2)*(1) + a
a = 5
y = -2x + 5
Answer:
$82.16
Step-by-step explanation:
78.25 * .20 = 15.65 as a tip,
78.25 *.15 = 11.74 as the discount, subtract from initial value:
78.25 - 11.74 = 66.51
then add the tip: 15.65 + 66.51 = $82.16
The total cost of the meal is $37.80
Given:
Food bill = $30
tip = 20%
sales tax = 6%
Tip and sales tax must be based on the food bill.
Tip = $30 x 20% = $6
Sales Tax = $30 x 6% = $1.80
Food bill : 30.00
Tip 6.00
Sales tax <u> 1.80</u>
Total cost 37.80
