Answer:
4 hours
Step-by-step explanation:
Since the initial fee is $90, you will subtract $90 from $330, getting $240. Since every hour after 1 hour is $60, you would divide $240 by $60 getting 4 hours
Answer:
x= 6
Step-by-step explanation:
Answer:
option c 1000
Step-by-step explanation:
...................
Answer:
6% monthly
Step-by-step explanation:
The monthly rate being compounded when the interest is 6% per year is ...
6%/12 = 0.5%
so the multiplier each month is
1 + 0.5% = 1.005
___
The monthly multiplier when 5.86% is compounded continuously is ...
e^(5.86%/12) ≈ 1.004895
The 6% rate will give a larger yield after any length of time.
5/8=.625 and 7/15=.466 repeating so 5/8 is a bigger fraction
