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Snowcat [4.5K]
3 years ago
11

You have money in an account at 6% interest, compounded monthly. To the nearest year, how long

Mathematics
1 answer:
zimovet [89]3 years ago
6 0

Answer:

Step-by-step explanation:

Let amount now be x , meaning principal is x

and the amount later A is 2x

A = P(1+r/n)^nt

n = 12

2x = x (1 + 0.06/12)^12t

divide through by x

2 = (1+ 0.005)^12t

2 = (1.005)^12t

Take log of both sides

log 2 = 12t log 1.005

12t = log2/log 1.005

12t = 138.975721610697

t = 138.975721610697/12

t = 11.58

t = 12 years

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Answer: i. Cost of adult ticket = $ 30

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Step-by-step explanation:

Define variables:

Let x= cost of 1 adult tickets , y= cost of 1 child tickets.

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5x+3y = 210      (i)

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Put this in (i)

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Answer:

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