Answer: the x intercept represents the maximum number of sandwiches that can be purchased bc no drinks would be purchased. The y intercept represents how many drinks could be purchased if he didn’t buy any sandwiches
Step-by-step explanation:
Over time, compound interest at any rate will outperform simple interest. When the rates are nearly equal to start with, compound interest will be greater in very short order. Here, it takes less than 1 year for compound interest to give a larger account balance.
In 30 years, the simple interest will be
... I = P·r·t = 12,000·0.07·30 = 25,200
In 30 years, the compound interest will be
... I = P·(e^(rt) -1) = 12,000·(e^(.068·30) -1) ≈ 80,287.31
_____
6.8% compounded continuously results in more total interest
Answer:option c is the correct answer.
Step-by-step explanation:
A toaster oven costing $130 offers an extended warranty for 25% of the purchase price. This means that the money value of the warranty is
25/100 × 130 = 0.25 × 130 = $32.5
If the local repair shop will fix a toaster oven for $8, then the number of times that the toaster oven will break in order for the warranty to pay for itself is
32.5/8 = 4.0625
Therefore, it is 4 times
Answer:
240
Step-by-step explanation:
The fraction 10/20 = 0.50 or 50%.
Steps:
1. Add 16,000 + 8,000
2. Multiply the total by 0.50 to find the amount that the insurance company must pay.
