Answer:
Step-by-step explanation:
<u>Given:</u>
- I = 5% = 0.05
- t = 2 years
- Let the sum is x.
<u>Simple interest:</u>
<u>Compound interest:</u>
- CI = x*(1 + 0.05)² - x = 1.1025x - x = 0.1025x
<u>The difference is 230:</u>
- 0.1025x - 0.1x = 230
- 0.0025x = 230
- x = 230/0.0025
- x = 92000
Answer:
196
Step-by-step explanation:
100 divided by 12 is 8 r 4 24 x 8 = 192, 192 + 4 is 196
Solution:
Let x = the number of $70 seats sold
Let y = the number of $20 seats sold
x+y ≤ 20,000
70x+20y > 500,000
