Because the 0.96 is less than 1, it means that the house loses value over the years.
Convert 0.96 to a percent: 0.96 = 96%
100% - 96% = 4%
The house loses 4% of it's value every year.
Answer: 2285.71
Step-by-step explanation:
Rearranging the simple interest formula, we have P = A / (1 + rt), where P is the Principal, r is the annaul rate and t is the time period.
r = R/100 = 5%/100 = 0.05 per year.
Solving the equation:
P = 3200 / ( 1 + (0.05 × 8)) = 2285.7142857143
2 years is the same as 24 months, so the equation would be:
685 = 24x + 85, where x is the monthly fee.
600 = 24x
600/24 = x
x = 25
The monthly fee is $25.
Answer: 
Step-by-step explanation:
1. You have the following information given in the problem above:
- y represents total earnings in dollars .
- x represents hours worked.
2. Keeping on mind that the expression must model the wages of someone who makes $11.50 in an hour, this amount of money per hour must multiply the hours worked, which is represented by x.
3. Therefore, you can write the following equation:
