Answer:
$2502.60
Step-by-step explanation:
The formula for the amount of an annuity due is ...
A = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
where P is the monthly payment (100), r is the annual interest rate (.04), n is the number of compoundings per year (12), and t is the number of years (2). Given these numbers, the formula evaluates to ...
A = $100(1.00333333)(1.00333333^24 -1)/0.00333333
= $100(301)(0.08314296)
= $2502.60
_____
This value is confirmed by a financial calculator. The given answer choices all appear to be incorrect. The closest one corresponds to an annual interest rate (APR) of 4.286%, not 4%.
Answer:
53
Step-by-step explanation:
Let x be the number of children tickets sold and y be the number of adult tickets sold. Then
x+y=128.
The cost of x children tickets is $5.10x and the cost of y adult tickets is $9.70y, so
5.10x+9.70y =896.60.
From the first equation,
x=128-y,
then
53 adult tickets were sold.
The slope is 4/3 & the y- int is 2. the equation is y= 4/3x+2
Answer:
48
Step-by-step explanation:
36 divide by 3 times 4
= 36 ÷ 3 x 4 (By PEDMAS, it doesnt matter which operation you do first, but we'll choose to do division first)
= (36 ÷ 3) x 4
= 12 x 4
= 48
