A bank account earns a fixed rate of interest compounded quarterly (every 3 month)
1 answer:
You might be interested in
Answer:
20 miles.
Step-by-step explanation:
Let m be number of miles.
Laguana's Truck Rentals charges $20 plus $2 per mile.
Total cost of Laguana's Truck = .... (1)
Salvatori's truck rentals charges $3 per mile.
Total cost of Salvatori's truck = ... (2)
We need to find the number of hours after that the total cost for both companies will be the same.
Therefore, after 20 miles the total cost for both companies will be the same.