6. Nicole deposits $2,136 in a såvings account paying 5% interest rate. To the
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Answer:
See Explanation
Step-by-step explanation:
<u>Define the variables</u>
Let the entry fee be c and the hourly rate be m
Let the number of hours be x and the total amount be y
<u>Work to solve</u>
For Sami's skate
and
For Brad's skate
and
<u>The equations</u>
The equation is derived using:
For Sami's skate
For Brad's skate
<u>When the cost are the same</u>
To do this, we equate both expressions
i.e.
i.e. the cost are the same at the 4th hour
<u>What is the cost</u>
Substitute 4 for x in any of the equations
<em>The cost is $14.00</em>