Alex will pay $600 per month
13,650 -5,250= 8400
8400÷ 14= 600
Answer:
a. $0.07
Step-by-step explanation:
Profit = Charge -Cost
We want to make a profit of 25 and the cost is 10
25 = Charge -10
Add 10 to each side
25+10 = Charge -10+10
35 = Charge
We need to charge 35 per jar.
Each jar contains 500 marbles
The cost per marble is Cost/ number of marbles
cost per marbles = $35 / 500
= $.07
That’s cool
Not sure how to answer this but I would like to help you just need to be more specific with your question
Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is
.
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of
dollars is invested at a rate of interest
compounded continuously for
years, the compound amount is

(a) From the information given



Applying the above formula we get that

The future value after 9 years is $7142.49.
(b) The effective rate is given by

Therefore,

(c) To find the time to reach $13,000, we must solve the equation


Step-by-step explanation:
-5x = 10 + 10
-5x = 20
X = 20/-5
X = -4
check :
-5 x -4 =20
20 =20