Answer:
It will take an interest rate of 8.1% to get 150% of the initial investment in just 5 years.
Step-by-step explanation:
Use the formula for continuous compounding
where r stands for the (annual) interest rate, t for time in years, P for the initial principal (investment) and X is the amount after t years.
(this formula can be beautifully derived from just basic considerations, btw)
We are given t=5, and percent increase on the initial P, so we can solve for r
It will take an interest rate of 8.1% to get 150% of the initial investment in just 5 years.
But this is not a question. proof? no question mark
3/4 of 3600..." of " means multiply
3/4 * 3600 =
10800/4 =
2700 <==
Answer:
Sarah bought 7 coach tickets and 4 first class tickets.
Step-by-step explanation:
From the information provided, you can write the following equations:
x+y=11 (1)
240x+1100y=6080 (2), where:
x is the number of coach tickets
y is the number of first class tickets
In order to find the value of x and y, first you have to solve for x in (1):
x=11-y (3)
Now, you have to replace (3) in (2) and solve for y:
240(11-y)+1100y=6080
2640-240y+1100y=6080
860y=6080-2640
860y=3440
y=3440/860
y=4
Finally, you can replace the value of y in (3) to find the value of x:
x=11-y
x=11-4
x=7
According to this, the answer is that Sarah bought 7 coach tickets and 4 first class tickets.
