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Scrat [10]
3 years ago
11

A radio station gives away $15 to every 15th caller, $25 to every 25th caller, and free concert tickets to every 100th caller. W

hen will the station first give away all three prizes to one caller? PLEASE HELP.
Mathematics
2 answers:
Debora [2.8K]3 years ago
8 0

Answer:

The station first give away all three prizes to 300th caller.

Step-by-step explanation:

A radio station gives away $15 to every 15th caller, $25 to every 25th caller, and free concert tickets to every 100th caller.

To get the answer we need to calculate L.C.M.  of 15, 25, 100.

15 = 3 x 5

25 = 5 x 5

100 = 2 x 2 x 5 x 5

LCM is = 2 x 2 x 3 x 5 x 5 = 300.

Hence, the station first give away all three prizes to 300th caller.

Yuki888 [10]3 years ago
4 0
To the 175th caller all the numbers go into 175 
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3 years ago
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3 years ago
When the effective interest rate is 9% per annum, what is the present value of a series of 50 annual payments that start at $100
ser-zykov [4K]

Answer:

$1,109.62

Step-by-step explanation:

Let's first compute the <em>future value FV.</em>  

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1,000*(1.09)+10  

<u>End of year 2 (capital + interest + new deposit)</u>

(1,000*(1.09)+10)*1.09 +10 =

\bf 1,000*(1.09)^2+10(1+1.09)

<u>End of year 3 (capital + interest + new deposit)</u>

\bf (1,000*(1.09)^2+10(1+1.09))(1.09)+10=\\1,000*(1.09)^3+10(1+1.09+1.09^2)

and we can see that at the end of year 50, the future value is

\bf FV=1,000*(1.09)^{50}+10(1+1.09+(1.09)^2+...+(1.09)^{49}

The sum  

\bf 1+1.09+(1.09)^2+...+(1.09)^{49}

is the <em>sum of a geometric sequence </em>with common ratio 1.09 and is equal to

\bf \frac{(1.09)^{50}-1}{1.09-1}=815.08356

and the future value is then

\bf FV=1,000*(1.09)^{50}+10*815.08356=82,508.35564

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\bf PV=\frac{FV}{(1.09)^{50}}=\frac{82508.35564}{74.35572}=1,109.616829\approx \$1,109.62

rounded to the nearest hundredth.

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3 years ago
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Alex73 [517]
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