Options :
a.) P=1.005Po
b.) P=1.02Po
c.) P=Po(0.02/4)
d.) P=Po(4.02/4)
e.) P=Po(1+ 0.02/4)
Answer:
a.) P=1.005Po
d.) e.) P=Po(1+ 0.02/4)
Step-by-step explanation:
From the compound interest formula:
P = P0(1 + r/n)^t
Rate = 2% = 2/100 = 0.02
n = Number of compounding times per period, quarterly ; n = (12 /3) months
P = P0(1 + 0.02/4)^1
P = p0(1 + 0.02/4)
Simplifying further :
P = P0(1 + 0.005)
P = p0(1.005)
i know its the frist or second one i did the test i am also in flvs :)
Answer:
Step-by-step explanation:
so first you need to make a equation
since we are trying to find out the amount of rides we can make that stand for x so..
we can first write it as 2.50x
(x = the numbers of rides)
since the entree fee is 17 dollars but they are two kids we have to times 17 by 2 giving us 34 we can add 34 dollars to the equation
34 + 2.50x
alex and kendra have only $51.50 dollars and they cant spend more then that so that means the whole equation has to equal $51.50
34 + 2.50x = 51.50
since we are trying to find the number of rides we can subtract 34 on both sides giving us
2.50x = 51.50 - 34
2.50x = 17.50
then we solve for x which you can divde 2.50 on both sides
x = 17.50 /2.50
x = 7