Lena drove to the mountains last weekend. There was heavy traffic on the way there, and the trip took 6 hours. When Lena drove h
1 answer:
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The answer is $42.87
We know:
C = $20.00
r = 10% = 10%/100% = 0.1
t = 8 years
h = ?
h = 20 * (1 + 0.1)⁸
h = 20 * (1.1)⁸
h = $42.87
We know:
C = $20.00
r = 10% = 10%/100% = 0.1
t = 8 years
h = ?
h = 20 * (1 + 0.1)⁸
h = 20 * (1.1)⁸
h = $42.87