Answer:
11.4 years
Step-by-step explanation:
We assume you want to know the time it takes for Lucy's investment of $1200 to have a value of $6400. The compound interest formula is good for finding that.
FV = P(1 +r/n)^(nt)
for principal P invested at rate r per year for t years, compounded n times per year. We want to find t such that ...
6400 = 1200(1 +0.15/4)^(4t)
16/3 = 1.0375^(4t) . . . . divide by 1200
log(16/3) = 4t·log(1.0375) . . . . take logarithms
t = log(16/3)/(4·log(1.0375)) ≈ 11.4
It will take about 11.4 years for Lucy's investment value to be $6400.
Answer:
idk really sry
Step-by-step explanation:
Answer:
s = 10k + 30
Step-by-step explanation:
Cost of Adults ticket = $10 per adult
Cost of Ticket = $6 per child
Number of adults = k
Number of Children = 5
s = Total cost
Total cost = (Cost per adult * number of adults) + (Cost per child * Number of children)
s = ($10 * k) + ($6 * 5)
s = $10k + $30
s = 10k + 30
