64 dived by 2800 what is it
1 answer:
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<h3>The worth after 4 years is $ 680.24</h3>
<em><u>Solution:</u></em>
<em><u>The formula for compound interest, including principal sum, is:</u></em>
Where,
A = the future value of the investment
P = the principal investment amount
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per unit t
t = the time the money is invested
From given,
n = 1 ( since interest is compounded annually)
p = 500
t = 4
<em><u>Substituting the values we get,</u></em>
Thus the worth after 4 years is $ 680.24
The company picnic cost $ 1300 for 80 employees
<em><u>Solution:</u></em>
Given that cost of a company picnic varies directly as the number of employees attending the picnic
Let "c" be the company picnic cost
Let "n" be the number of employees attending the picnic
Therefore,
Where "k" is the constant of proportionality
c = kn ---------- eqn 1
<em><u>Given that company picnic costs $487.50 for 30 employees</u></em>
Therefore substitute c = 487.50 and n = 30
<em><u>How much does a company picnic cost for 80 employees?</u></em>
Substitute n = 80 and k = 16.25 in eqn 1
Thus $ 1300 is the cost for 80 employees