4 yrs
Step-by-step explanation:
Formulae for simple interest is;
A= P (1 + rt) Whereby;
A = Total Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
r = Rate of Interest per year in decimal; r = R/100
R = Rate of Interest per year as a percent; R = r * 100
t = Time Period involved in months or years
15300 = 3200 (1 + 106.5/100 *t)
15300/3200 = 1 + 1.065t
4.78125 – 1 = 1.065t
3.78125 = 1.065t
3.78125/1.065 = t
3.55 = t
Rounded off to the nearest whole number;
= 4
It would take her 10 hours. If it is double the time for one person to complete the task versus two, you can guess that the other person takes the same amount of time
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The ticket price that would maximize the total revenue would be $ 23.
Given that a football team charges $ 30 per ticket and averages 20,000 people per game, and each person spend an average of $ 8 on concessions, and for every drop of $ 1 in price, the attendance rises by 800 people, to determine what ticket price should the team charge to maximize total revenue, the following calculation must be performed:
- 20,000 x 30 + 20,000 x 8 = 760,000
- 24,000 x 25 + 24,000 x 8 = 792,000
- 28,000 x 20 + 28,000 x 8 = 784,000
- 26,000 x 22.5 + 26,000 x 8 = 793,000
- 27,200 x 21 + 27,200 x 8 = 788,000
- 26,400 x 22 + 26,400 x 8 = 792,000
- 25,600 x 23 + 25,600 x 8 = 793,600
- 24,800 x 24 + 24,600 x 8 = 792,000
Therefore, the ticket price that would maximize the total revenue would be $ 23.
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Answer:
400
Step-by-step explanation: