On a disney cruise ship, there are two options for an internet connection. the first option is a fee of $5 plus an additional $0.25 per minute. the second option costs $50 for an unlimited number of minutes. write an inequality that can be used to determine for how many minutes, m, the first option is cheaper than the second one.

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.