33. A transport company has been looking for a new tyre for its truck and has located the following alternatives: Brand Tyre warranty Price per tyre (months) (SR.) 12 1,200 B 24 1,800 36 2,100 D 48 2,700 If the company feels that the warranty period is a good estimate of the tyre life and that a nominal interest rate (compounded annually) of 12% is appropriate, which tyre should it buy? Show up your calculations
33. A transport company has been looking for a new tyre for its truck and has located the following alternatives: Brand Tyre warranty Price per tyre (months) (SR.) 12 1,200 B 24 1,800 36 2,100 D 48 2,700 If the company feels that the warranty period is a good estimate of the tyre life and that a nominal interest rate (compounded annually) of 12% is appropriate, which tyre should it buy? Show up your calculations
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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