Answer:
The Final Investment Value is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
Fixed rate is $60.
Step-by-step explanation:
Let us consider per student charge be 'x'.
Let us consider fixed rate be 'b'
Given:
I rent a gym for $150 for 30 students.
So we can say that;
Total amount is equal to sum of number of students multiplied by per student charge and fixed rate.
framing in equation form we get;
Also Given:
another time I rent the gym for $270 for 70 students.
So we can say that;
Total amount is equal to sum of number of students multiplied by per student charge and fixed rate.
framing in equation form we get;
Now we will subtract equation 1 from equation 2 we get;
Dividing both side by 40 we get;
Now we will substitute the value of x in equation 1 we get;
So we can say that the equation can be written as;
Hence we can say that fixed rate is $60 and per student charge is $3.