I am so lost at this one...pls
1 answer:
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Answer:
18.7 years
Step-by-step explanation:
This is a compound interest problem and the following variables have been given;
Principal = 4000; this is the amount o be invested
APR = 9%; this is the compound interest to be earned
Accumulated amount = 20,000
We are required to determine the duration in years. We apply the compound interest formula;
The next step is to introduce natural logarithms in order to determine n;
The number of years required is thus 18.7 years
Let x be the number of texts (amount of texts) Carly does in a month.
Let y be the "total" amount Carly will have to pay in a month.
Then, as per the TURKEY plan, Carly's monthly total cost will be represented by the equation as shown:
As we can clearly see in the above equation even if Carly does not text a single message (when x=0), even then they will have to pay $20 for that month.
For the GOBBLE plan, the equation will be: .
In this plan as there is no fixed charge, Carly wont have to pay anything extra if they dont make a call.