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Sedbober [7]
4 years ago
7

In problems 16-20, calculate the expected price in the year 2008 if you assume that there was a consistent 5% inflation rate and

use the given 1988 price. answers should be rounded to the nearest penny. 16. median salary, $27,225 17. gallon of gas, $1.08 18. dozen eggs, $0.89 19. movie admission, $3.50 20. mcdonalds hamburger, $0.62
Mathematics
1 answer:
Lena [83]4 years ago
5 0
16. 72236.03 
17. <span>2.87 
</span>18. 2.36
19. 9.29
20. 1.65
The exponential growth formula is as follows
y=a(1+r)^{x}:
a is initial value
(<span>$27,225 17. gallon of gas, $1.08 18. dozen eggs, $0.89 19. movie admission, $3.50 20. mcdonalds hamburger, $0.62)
r is rate of increase (0.05)
x is time (2008-1988 = 20 years)
to solve plug in values for each one.
</span>y=27225(1+0.05)^{20} = 72236.03

1.08(1+0.05)^{20} = 2.87

.89(1+0.05)^{20} = 2.36

3.50(1+0.05)^{20} = 9.29

.62(1+0.05)^{20} = 1.65



<span>

</span>
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<h2>Answer:</h2>

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<h2>Step-by-step explanation:</h2>

To determine the equation of the line that passes through (10,2) and (-3,2), we need to determine the slope of the line. Then substitute the slope and any given point in point slope form to obtain the equation of the line.

<h3>Finding the Slope of the line:</h3>

\implies \text{Slope} = \dfrac{\text{Rise}}{\text{Run}} = \dfrac{y_{2} - y_{1} }{x_{2} - x_{1}  }

\implies \text{Slope} = \dfrac{y_{2} - y_{1} }{x_{2} - x_{1}  }

<u>Substitute the coordinates of the given points:</u>

\implies \text{Slope} = \dfrac{2 - 2}{-3 - 10  }

<u>Simplify the equation to determine the slope:</u>

\implies \text{Slope} = \dfrac{0}{-3 - 10  }

∴ 0 divided by ANY number is ALWAYS 0.

\implies \text{Slope} =0

<h3>Finding the equation of the line:</h3>

Point slope form formula: y - y₁ = m(x - x₁)

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<u>Substitute the values in the point slope form:</u>

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<u>Simplify the equation to determine the equation of the line:</u>

∴ Any number multiplied by 0 is 0.

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Answer:

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Step-by-step explanation:

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She earns $5 for each jar of Jan that she sells

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Elizabeth has already made $95 from the sale of her jams and $24 from leading a demonstration

Therefore the total amount that has been made is

= $95 + $24

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Since her target is $450 and she has already made $119 then the amount remaining to complete the target can be calculated as follows

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