This question is incomplete, the complete question is;
PROBLEM SOLVING WITH PERCENTS: You are planning a wedding reception for 75 guests that will take place in exactly 10 months. There are two different sites that you are contemplating using, with the stipulations on payments as described below. Determine the TOTAL cost of renting each location.
Rental of space = $68 per guest; Down payment = 25% of total cost; Payment due one month before the reception includes a 7.4% interest payment on the balance.
Answer: Total Cost of Renting = $5312.29
Step-by-step explanation:
Given that;
Rental space = $68 per guest, down payment = 25%, 7.4% interest payment on the balance.
Total Cost of Renting = Down Payment + Remaining payment
Total Cost of Renting = $68 × Guests × 25% + ($68 × Guest - Down payment) × (1 + Interest *9/12)
Total Cost of Renting = $68 × 75 × 25% + ($68 × 75 - Down payment) × (1 + 7.40% × 9/12)
Total Cost of Renting = $1275 + ($5100 - 1273) × (1.0555)
Total Cost of Renting = $1275 + 4037.29
Total Cost of Renting = $5312.29
8.16 is your answer. Whenever you multiply any decimal by 10, move the decimal point one place to the right to get your answer. Whenever you multiply any whole number by 10, add a 0 at the end of the number to get your answer.
Answer:
286.60
Please tell me if I'm wrong.
Answer:
Explanation:
The table that shows the pattern for this question is:
Time (year) Population
0 40
1 62
2 96
3 149
4 231
A growing exponentially pattern may be modeled by a function of the form P(x) = P₀(r)ˣ.
Where P₀ represents the initial population (year = 0), r represents the multiplicative growing rate, and P(x0 represents the population at the year x.
Thus you must find both P₀ and r.
<u>1) P₀ </u>
Using the first term of the sequence (0, 40) you get:
P(0) = 40 = P₀ (r)⁰ = P₀ (1) = P₀
Then, P₀ = 40
<u> 2) r</u>
Take two consecutive terms of the sequence:
- P(1) / P(0) = 40r / 40 = 62/40
You can verify that, for any other two consecutive terms you get the same result: 96/62 ≈ 149/96 ≈ 231/149 ≈ 1.55
<u>3) Model</u>
Thus, your model is P(x) = 40(1.55)ˣ
<u> 4) Population of moose after 12 years</u>
- P(12) = 40 (1.55)¹² ≈ 7,692.019 ≈ 7,692, which is round to the nearest whole number.
