Yolanda will rent a car for the weekend. She can choose one of two plans. The first plan has an initial fee of $40 and costs an
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Answer:
Step-by-step explanation:
← Equation 1
By simplifying the above equation we get,
(Simplifying the brackets)
(By subtracting
from
) ← Equation 2
Multiply Equation 1 by 5 and Equation 2 by 3 and add them together.
Equation 1 multiplied by 5 will give,
Equation 2 multiplied by 3 will give,
Add those together,
(After simplifying
values)
Therefor
By substituting to Equation 1 we get,
Therefor we can say,
Since the interest is compounded, we will have to use the compound interest formula.
We Weill plug 7500 in for A, because that's the amount of money that we want to have at the end of some amount of time.
5000 will go in for P because that's the starting amount.
2.7% will be converted into a decimal percentage form. You can do this by dividing by 100, which you will get .027, and then plug that in for r, the rate.
Since the interest is compounded quarterly, n = 4.
After a bit of number crunching, you will get to the point where you have to solve for an exponent. You can easily do this by using the natural log ln(). One property of logarithm is that you can take the exponent and place it in front of the log. Now you can divide both sides to separate and solve for t.
Answer:
The Answer Is On The Image
Step-by-step explanation:
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