Pierre deposits $8,000 in a certificate of deposit that pays 8% interest, compounded semiannually. How much interest does the ac
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Hello and Good Morning/Afternoon:
<u>Let's take this problem step-by-step</u>:
<u>Let's consider the information given</u>:
- rental price: $30 + $0.30/mile
- total bill for Ken: $55.20
<u>Let's setup an equation for the cost</u>
- set 'x' as number of miles traveled
- set that equal to the total cost or bill and solve
Ken must have traveled 84 miles
<u>Answer: 84 miles</u>
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Hope that helps!
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