MrKrabsTHICCY MrKrabsTHICCY

27-09-2019
Mathematics

contestada

The cost of Mr. Patten’s car insurance increased by 5% to $86.82 per month. What was the cost of his insurance before it increased?

Respuesta :

cristina71 cristina71

29-09-2019

Answer:

Considering is a compunded increase rate of the yearly car insurance fee and x is the initial value of the insurance fee then

x×(1.05)^12=$86.82

×=$86.82/(1.05)^12

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