Using the expression above choose the correct answer for the new balance in amount of interest earned in the following compound interest problem $950 at 7% for eight years compounded annually

Given:

P=950

r=0.07

t=8

F=950(1.07)^8

= 1632.28 (total amount)

Interest = total amount - principal

=1632.28 - 950

=682.28

Step-by-step explanation:

The formula is:

Future value = accumulated amount, F = P(1+r)^t

P=principal

r=annual interest rate [compounded annually]

t=number of years of loan

hi there!

the answer will be d: 2

let y equal to

the total fare and x is the mile of taxi ride. so the equation is

y = 0.55x + 1.75

since susie has

$10 to spend for a taxi cab, so he can have

10 = 0.55x +

1.75

x = 15 miles of

taxi ride

so the system of

inequality is

10 < 0.55x +

1.75

x > 2