A discount movie pass cost 10.99. With the pass,movie tickets cost 4.25 dollars each. Feen spent a total of 61.99 dollars on the
1 answer:
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Answer:
Both Wolverine and James Bond will have paid the same amount after 10 months.
Step-by-step explanation:
Let x denotes the number of months after which both Wolverine and James Bond will have paid the same amount.
As Wolverine makes a $1000 down payment for a motorcycle and then pays $300 per month,
Amount paid by Wolverine in x months is equal to
As James Bond makes a $2500 down payment for a motorcycle and then pays $150 per month,
Amount paid by James Bond in x months is equal to
To find number of months after which both Wolverine and James Bond will have paid the same amount,
solve
So, both Wolverine and James Bond will have paid the same amount after 10 months.
Answer:
$17,685.45
Step-by-step explanation:
We will use the compound interest formula to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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The first step is to change 12% into a decimal:
12% -> -> 0.12
Next, lets plug in the values:
After 7 years, you will have $17,685.45