We need to construct the system of equations in order to solve that problem. Let's denote one-time membership fee with x and monthly fee with y. Then we can write that John paid x+6y=325 and Abigail paid x+9y=475. Solving the system of equations
, we find that x=25 and y=50. The monthly fee is 50 dollars.
100/x=300/45 Factor out 100/x=15×20/15×3 Cancel common factor
100/x=20/3 100(3)=20(x) 300=20x 300/20=X 15=x
500 because in a normal distribution 50% of the total falls below the mean
That link looks messed up
It does not say simple or compound interest.
Simple interest is rarely used these days, so assume compound.
Use the standard formula:
future value = present value*(1+rate/n)^(nt)
n=number of times interest is compounded per year (=1)
t=number of years
Plugging values,
200=100(1.09)^t
1.09^t = 2
take log
t(log(1.09))=log 2
t=log(2)/log(1.09)=0.6931/0.08618=8.04 years.