Due to the drought in California, many communities have tiered water rates. There are different rates for Conservation Usage, Normal Usage and Excessive Usage. The usage is measured in the number of hundred cubic feet (hcf) the property owner uses. During the winter, a property owner will pay $24.72 plus $1.54 per hcf for Normal Usage. The bill for Normal Usage would be between or equal to $49.36 and $86.32. How many hcf will he be allowed to use if he wants his usage to stay in the normal range?
Due to the drought in California, many communities have tiered water rates. There are different rates for Conservation Usage, Normal Usage and Excessive Usage. The usage is measured in the number of hundred cubic feet (hcf) the property owner uses. During the winter, a property owner will pay $24.72 plus $1.54 per hcf for Normal Usage. The bill for Normal Usage would be between or equal to $49.36 and $86.32. How many hcf will he be allowed to use if he wants his usage to stay in the normal range?
Due to the drought in California, many communities have tiered water rates. There are different rates for Conservation Usage, Normal Usage and Excessive Usage. The usage is measured in the number of hundred cubic feet (hcf) the property owner uses.
During the winter, a property owner will pay $24.72 plus $1.54 per hcf for Normal Usage. The bill for Normal Usage would be between or equal to $49.36 and $86.32. How many hcf will he be allowed to use if he wants his usage to stay in the normal range?
Jamal wants to save $48,000 for a down payment on a home. How much will he need to invest in an
account with 11.8% APR, compounding daily, in order to reach his goal in 10 years? Round to the
nearest dollar.
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Use the compound interest formula, A (t) = P(1 + 1)".
An account is opened with an intial deposit of $7,500 and earns 3.8% interest compounded semi-
annually. Round all answers to the nearest dollar.
a. What will the account be worth in 10 years? $
b. What if the interest were compounding monthly? $
c. What if the interest were compounded daily (assume 365 days in a year)? $
Kyoko has $10,000 that she wants to invest. Her bank has several accounts to choose from. Her goal is
to have $15,000 by the time she finishes graduate school in 7 years. To the nearest hundredth of a
percent, what should her minimum annual interest rate be in order to reach her goal assuming they
compound daily? (Hint: solve the compound interest formula for the intrerest rate. Also, assume there
are 365 days in a year)
%
Elementary Statistics: Picturing the World (7th Edition)
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