Write an Equation Relating the Variables in the Situation Described $C = 2 n$

question 74

Multiple Choice

Write an equation relating the variables in the situation described.
-The cost C of renting a video movie for n days if the charge is $2 plus $3 per day of renting.

• A) \(C = 2 n\)
• B) \(C = 2 n + 3 n\)
• C) \(C = 3 n\)
• D) \(C = 2 + 3 n\)

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Definitions:

Interest Rate

The percentage charged on the total amount of borrowed money or earned through investments, indicating the cost of credit or yield.

Monetary Policy

The process by which a central bank or monetary authority manages the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.

Money Supply

The entirety of monetary valuables available in an economy at any chosen time, featuring cash in the form of coins and notes, along with the sums in checking and savings accounts.

Interest Rate

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal.