yaitzafigueroa
25.07.2020 •
Business
Davian wishes to save for a down payment on a house. Right now he has $3500 to invest.
Using the data given, which statement explains the best option for his investment?
Savings Account
Liquid CD
Interest
Rate
1% compounded
daily
2%
compounded monthly
Bump-Up CD
2.35%
initially, and 2.5%
after 1 year, each compounded
monthly
Fees
None
10%
penalty without 30-day
notice
None
Solved
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Ответ:
Entrance ticket is $17.
Explanation:
Using a expression we can see the costs.
E - Entrance Ticket
T - Tube rental fee
7E + 7T = 154
Substitute T for the $5 that we know is the cost for tube rental.
7E + 7(5) = 154
7E + 35 = 154
-35 -35
7E = 119
/7 /7
E = $17