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Find step-by-step solutions and answers to Exercise 52 from Precalculus: Enhanced with Graphing Utilities - 9780131358911, as well as thousands of textbooks so you can move forward with confidence.

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You pay for the current month’s crew and you get the vbucks for the current month’s crew. However, you will not receive the same 1k for the next month but if you pay again after it expires (renewal) then you will receive it. Youll get your vbuvks (1000) now, the rest will be awarded at your next billing date.

$1,000.00 + ($1,000.00 × 10%) = $1,100.00. We can rearrange it like this: So, adding 10% interest is the same as multiplying by 1.10. ... Now we can "plug in" the values to get the result: r = ( $2,000 / $1,000 ) 1/5 − 1 = (2) 0.2 − 1 = 1.1487 − 1 = 0.1487. And 0.1487 as a percentage is 14.87%,

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