Answer:
20.02%
Step-by-step explanation:
Formula : 
n = 1,2,3,4,5
Substitute the values in the formula :
Solving for IRR using calculator
IRR = 20.02
Hence the internal rate of return if the initial cost of the project is $275,000 is 20.02%
1 is N
2is F
3isN
4usF
5isF
6isF
7isF
Answer:
<em>The baker bought 8 apples and 4 bananas</em>
Step-by-step explanation:
<u>System of Equations</u>
Let's call:
a = pounds of apples
b = pounds of bananas
The baker bought a total of 12 pounds of apples and bananas, thus:
a + b = 12 [1]
Apple cost $0.75 per pound and each pound of bananas cost $1.05 per pound. Thus the total cost is 0.75a + 1.05b. We know he spent a total of $10.20, thus
0.75a + 1.05b = 10.20 [2]
Solving [1] for a:
a = 12 - b [3]
Substituting in [2]:
0.75(12 - b) + 1.05b = 10.20
Operating
9 - 0.75b + 1.05b = 10.20
Simplifying:
0.30b = 10.20 - 9 = 1.20
Dividing by 0.30:
b = 1.20/0.30
b = 4
From [3]:
a = 12 - 4 = 8
a = 8
The baker bought 8 apples and 4 bananas
