The wording "earns 8% interest each year" does not make it clear whether the savings account interest is compounded. (It usually is in real life, but not always in math problems.) The graphical solution shows both simple interest and interest compounded annually.
Simple interest: the balances will both be $2941.18 after 5.88 years.
Compound interest: the balances will both be $3111.06 after 5.74 years.
Answer:
$203
Step-by-step explanation:
15x8=$120
120+83=$203
Answer:
Domain: 0 t 40 Range: 0 V(t) 200
Step-by-step explanation:
The domain is greater than or equal to 0 and less than or equal to 40 because in 40 months, she will lose all her money ($5 x 40months = $200) since she loses 5 dollars per month. Not to mention, time can't be negative in any situation. For the range, the value has to be greater than or equal to zero and less than or equal to 200 because she only has $200, the more time she spends using the phone, the more money she will lose over the course of the month( limiting her time). I hope this helps!
Answer:
Step-by-step explanation:
Annual Income of Sam = $37,368
To find the monthly income (given that he earns an equal amount of money every month), we can divide the annual income by 12. (Each year has 12 months)
<u>Monthly Income:</u>
= $37,368 / 12
= $3,114
Think it’s 57/100 or rounded its