Using only pennies, nickels, dimes, and quarters, what is the smallest number of coins Freddie would need so he could pay any am
2 answers:
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Answer:
<u>After (3/2) months Tyler's gym would be a better deal.</u>
Step-by-step explanation:
Let x the number of months
Cody's Gym charges a $15 fee to join and $30 per month
y₁= 15 + 30x (1)
Tyler's Gym charges a $30 fee to join and $20 per month
y₂ = 15 + 30x (2)
See the attached figure which represent the graph of y₁ (with blue color) and y₂ (with red color)
The point of intersection between y₁ and y₂ is ( 3/2 , 60)
After 3/2 months Tyler's Gym charges will be less than Cody's Gym charges
So, the inequality will be:
<u>After (3/2) months Tyler's gym would be a better deal.</u>
Answer:
The expression to compute the amount in the investment account after 14 years is: <em>FV</em> = [5000 ×(1.10)¹⁴] + [3000 ×(1.10)⁸].
Step-by-step explanation:
The formula to compute the future value is:
PV = Present value
r = interest rate
n = number of periods.
It is provided that $5,000 were deposited now and $3,000 deposited after 6 years at 10% compound interest. The amount of time the money is invested for is 14 years.
The expression to compute the amount in the investment account after 14 years is,
The future value is:
Thus, the expression to compute the amount in the investment account after 14 years is: <em>FV</em> = [5000 ×(1.10)¹⁴] + [3000 ×(1.10)⁸].