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John has a choice of using one of two parking garages when he visits downtown:
Option1: $8 an hour for the first two hours, then $2 and hour for each hour more than 2; or
Option 2: $10 for the first hour and $2.50 for each hour more than one. Let x = total hours parked.
a) Write a mathematical model representing the total parking cost, C, in terms of x for the following (assume John is parking for more than 2 hours):Option 1: Option 2:
b) John plans to spend the day downtown (more than 2 hours), how many total hours would John have to park for the cost of option 1 to be less than option 2. Set up an inequality and show your work algebraically using the information in part a.
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20! 18!
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How long does it take for an amount of money P to double itself if it is invested at 8% interest compounded 4 times a year?
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