<span>
<span>
</span><span><span>
Tour
Price
# of Customers
Tour Income
Operating Cost Profit or Loss
</span>
<span>
100
40 4000
6000
-2000
</span>
<span>
150 35 5250
6000
-750
</span>
<span>
200 30
6000
6000
0
</span>
<span>
250 25 6250 6000
250
</span>
<span>
300 20 6000 6000
0
</span>
<span>
350
15 5250 6000
-750
</span>
<span>
400 10 4000 6000
-2000
</span>
<span>
450 5
2250
6000
-3750
</span>
<span>
500
0 0
6000 -6000
The company should offer the tour price of 250 to earn a profit. any price less or more than 250 will either give them 0 profit or a loss.
</span></span></span>
Answer:
The nearest penny will be <u>£9146.6</u>
Step-by-step explanation:
A = P[1 + (r/n)]^(nt)
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
A = 8300 [ 1 + {1.4 / (7*100)}]^(7*7)
A = 8300 [ 1 + {0.002}]^(49)
A= 8300 [ 1.002 ]^(49)
A = 8300 [ 1.102 ]
A = £9146.6
What is Compound Interest (CI) ?
Compound Interest is all about adding interest to principal amount of loan , deposit .
Answer: 30%
Percentage Increase = (Final amount - Initial amount) / Initial amount x 100
=30%