The correct answer is that you start with no refills, paying $2 for the first drink, and when you receive a refill, you pay an additional $1, totaling $3.
1.1x = 17.85 x ≈ 16.227272727272727... Rounded to $16.23
Response:
After 15 years, the balance in the account should be $95,321.85
Detailed explanation:
Based on the provided information, we can summarize as follows:
monthly deposit of $220=R
annual interest rate is set at 2.05%. To find the monthly interest rate, we divide: monthly interest rate= 2.05%/12=0.1708%=0.0017
t=15years×12=180 months
To determine the total amount after 15 years, we can apply this formula:
Ap=R(1-(1+i)∧-t)
i
Ap=220(1-(1+0.0017)∧-180)
0.0017
Ap=162,04
0.0017
Ap=$95,321.85
The balance in the account after 15 years is $95,321.85
It is option A. Step-by-step explanation: I just completed the task successfully.
Response:

Detailed explanation:
Considering the given algebraic expression:

The task is to remove the negative exponents and derive the new expression.
Applying the Negative Exponent Rule: 
Utilizing the Division Law for Exponents: 
Consequently:
