1. Determine the value of x. Please help
1 answer:
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Answer:
$14,644.63
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:
<em>P = initial balance </em>
<em>r = interest rate </em>
<em>n = number of times compounded annually </em>
<em>t = time </em>
<em />
First change 12% into a decimal:
12% -> -> 0.12
Lets plug in the values:
Tammy will own $14,644.63 after 8 years,
Answer:
Step-by-step explanation:
Given
Phone R-Us= $16.95 + $0.05 per SMS
Awesome Wireless = $22.95 + $0.02 per SMS
Required
Determine the number of SMS such that Awesome Wireless is greater or equal to Phone R-Us
Represent the SMS with S
For Phone R-Us, we have:
For Awesome Wireless, we have:
For Awesome Wireless is greater or equal to Phone R-Us, we have:
Collect Like Terms
Solve for S
<em>Hence: for Awesome Wireless to cost more or equal to Phone R-Us, the number of SMS must not exceed 200</em>