Answer: $3,400
Step-by-step explanation:
There are 400 seats in the auditorium which means that there are 400 tickets to be sold.
85% of these tickets are sold. The number of tickets sold is:
= 85% * 400
= 340 tickets were sold.
Each ticket sells for a total of $10.
The amount of money made from ticket sales is therefore:
= No. of tickets sold * price of ticket
= 340 * 10
= $3,400
The annual returns will be calculated as follows:
a] Here we use the formula:
A=p(1+r/100)^n
A=future amount
p=principle
r=returns
n=time
We are given:
A=500, p=400, t=1
Plugging the values in the formula we obtain:
500=400(1+r)^1
simplifying and solving for r:
1.25=1+r
thus
r=1.25-1
r=0.25~25%
b] Using the formula above:
A=p(1+r/100)^n
A=2500+100=2600, p=2000, n=1 year
plugging the values in the equation we obtain:
2600=2000(1+r)^1
simplifying and solving for r we obtain:
2600/2000=1+r
1.3=1+r
hence
r=1.3-1
r=0.3~30%
Answer:
it is Three hundred and sixteen thousand,seven hundred and fifty eight.
Divide 22.2 by 4 since the perimeter is the outside and there are 4 edges
