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qwelly [4]
4 years ago
15

A party planner is preparing gift bags for an event. She has purchased a large box of individually wrapped chocolates to divide

equally into each gift bag. Which measure provides the best information to the party planner?
bags per chocolate
chocolates per party
chocolates per bag
bags per person
Mathematics
1 answer:
LenKa [72]4 years ago
5 0
The best answer best on the information provided would be chocolates per bag.
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Felipe borrowed $8000 at a rate of 16.5%, compounded monthly. Assuming he makes no payments, how much will he owe after 7 years?
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Answer:

$25,193.17

Explanation:

Given:

• Principal Felipe borrowed, P=$8000

,

• Annual Interest Rate, r=16.5%=0.165

,

• Compounding Period, k=12 (Monthly)

,

• Time, t=7 years

We want to determine how much he will owe after 7 years.

In order to carry out this calculation, use the compound interest formula below:

A(t)=P\mleft(1+\frac{r}{k}\mright)^{tk}

Substitute the values defined above:

A(t)=8000\mleft(1+\frac{0.165}{12}\mright)^{12\times7}

Finally, simplify and round to the nearest cent.

\begin{gathered} A(t)=8000(1+0.01375)^{84} \\ =8000(1.01375)^{84} \\ =\$25,193.17 \end{gathered}

After 7 years, Felipe will owe $25,193.17.

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I think it will travel 10 yards

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