Answer:
$3283.2
Step-by-step explanation:
Given data
Principal= $2700
Rate= 4%
Time= 5 years
Required
the final Amount A
The compound interest formula is
A=P(1+r)^t
Substitute
A=2700(1+0.04)^5
A=2700(1.04)^5
A=2700*1.216
A=$3283.2
Hence the balance in the account after 5 years is $3283.2
19 guests because each guest is $2 each according to the question.
Answer:
The function that can be used in the online shopping club about its monthly revenue is:
Step-by-step explanation:
First, we're gonna take into account the different values we have in the exercise:
- 10,000 members
- $7 per month for membership
- Loses of 400 members by each $1 monthly increase
How the variable 
represents the price increase, we can do the formula below:
In this formula, we represent in the first part that by each 1 in the variable , the total of members will be reduced in 400, in the second part, we mention that at the same time, the membership fee will be increased in the same value of . Now we must simplify this function:
We operate the values:
Solve we can:
And organize:
At the end, how 
represents the monthly revenue received by the club, we use that variable for our formula:
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