Question
Question 1: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly. Assuming that no withdrawals are made, how much will
Question 1: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly. Assuming that no withdrawals are made, how much will he have in the account after 7 years?
Question 2: You currently have $6,000 saved in your bank account. You have decided to use $2100 for your upcoming spring break trip. What percentage of your savings did you use?
Question 3: Matthew will use Airbnb to book his accommodation in Portugal. However, he is unsure of how many nights he will stay in Portugal.
Write an equation that will allow Matthew to calculate what his total cost will be if the cost of his hotel is $98 per night. Airbnb will be charge Matthew $24 in service fees.
Create a table of values describing the total cost of Matthews stay for the first 6 nights.
Graph the equation.
Interpret the slope and y intercept.
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