A members-only speaker series allows people to join for $18 and then pay $1 for every event attended.What is the maximum number
2 answers:
Hey there!
Your question states:
<span>A members-only speaker series allows people to join for $18 and then pay $1 for every event attended.What is the maximum number of events someone can attend for a total cost of
$22?
So, let's start off.
It take's $18 to join, and each event would be $1 (it's pretty cheap)
So, if that person has only $22.
We would do 22-18 . . .
And that would give us $4.
He would only be able to attend 4 times.
Your correct answer would be </span>
<span>✓</span>
Hope this helps.
~Jurgen
Your question states:
<span>A members-only speaker series allows people to join for $18 and then pay $1 for every event attended.What is the maximum number of events someone can attend for a total cost of
$22?
So, let's start off.
It take's $18 to join, and each event would be $1 (it's pretty cheap)
So, if that person has only $22.
We would do 22-18 . . .
And that would give us $4.
He would only be able to attend 4 times.
Your correct answer would be </span>
Hope this helps.
~Jurgen
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Given the two options above, in order to come up with the best plan we have to calculate the future value of money in each plan.
compound interest is given by:
Option 1
p=$500
r=2%=0.02
t=1 year
Option 2
p=$500
r=2/12=1/6
n=1*12=12
hence:
=$509.09
Comparing the two plans above, option 1 is the best.
b] Option 1 is the best because she will secure $510 as compared to option 2 which has interest rate that reduces her amount by $1 after one year due to annual charges. The total amount of money she will have at the end of the plan is $510.
compound interest is given by:
Option 1
p=$500
r=2%=0.02
t=1 year
Option 2
p=$500
r=2/12=1/6
n=1*12=12
hence:
=$509.09
Comparing the two plans above, option 1 is the best.
b] Option 1 is the best because she will secure $510 as compared to option 2 which has interest rate that reduces her amount by $1 after one year due to annual charges. The total amount of money she will have at the end of the plan is $510.