The number of the product is 9
Answer: $5,678.85
Step-by-step explanation:
First find out how much the fund was worth after 5 years.
Compound interest formula:
= Investment * (1 + rate) ^ years
= 4,000 * ( 1 + 11%)⁵
= £6,740.23
Half was removed:
= 6,740.23/2
= £3,370.12
Then compound this for the remaining 5 years:
= 3,370.12 * (1 + 11%)⁵
= $5,678.85
Step-by-step explanation:
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Answer:
The school baseball team sold 270 tickets
Step-by-step explanation:
Step 1
Identify the total amount of tickets sold by each player;
1 player=1 book of tickets
But 1 book=10 tickets
Step 2
Express the total cost of ticket sales per book as follows;
total cost=cost per ticket×number of tickets per book
where;
cost per ticket=$3
number of tickets per book=10
replacing;
total cost=(3×10)=$30
Step 3
Using the expression below, solve for the number of tickets sold
Total amount raised=price per ticket×number of tickets sold
where;
total amount raised=$810
price per ticket=$3
number of tickets sold=n
replacing;
810=3×n
3 n=810
n=810/3=270
n=270
The school baseball team sold 270 tickets
