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3 years ago

15

A group of students are going to attend a concert. The cost per person varies inversely and depends on the number of people atte

nding the concert. It will cost &75 per ticket if 2000 people attend. How much will the tickets be if 5000 people attend?

1 answer:

MArishka [77]3 years ago

5 0

I think the answer is around $187 per ticket

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an amount of $41,000 is borrowed for 7 years at 6.75% interest, compounded annually. If the loan is paid in full at the end of t

Marianna [84]

Answer:

<u>We must pay back US$ 64,767.70 for the loan after 7 years.</u>

Step-by-step explanation:

1. Let's review the data given to us for answering the question:

Loan amount = US$ 41,000

Duration of the loan = 7 years

Interest rate = 6.75% compounded annually

2. Let's find the future value of this loan after 7 years, using the following formula:

FV = PV * (1 + r) ⁿ

PV = Loan = US$ 41,000

number of periods (n) = 7 (7 years compounded annually)

rate (r) = 6.75% = 0.0675

Replacing with the real values, we have:

FV = 41,000 * (1 + 0.0675) ⁷

FV = 41,000 * (1.0675) ⁷

FV = 41,000 * 1.5797

<u>FV = US$ 64,767.70</u>

<u>We must pay back US$ 64,767.70 for the loan after 7 years.</u>

3 0

3 years ago

You deposit $4500 in an account that earns 2% per year simple interest. The

Gnom [1K]

Answer:

based on the given formula the amount calculated is for the beginning of the year.

substituting 1 you get 4500 which is beginning of the year 1 when you deposited.

based on that logic substituting 7 for beginning of year 7 will be

4500 + 6 * 0.02 * 4500

4500 + 540

5040

option A.

7 0

2 years ago

What’s x to 5x+2 is greater than 3x+10

katovenus [111]

<h2>The value of x is always grater than 4.</h2><h3>Therefore x = (4,∞)</h3>

Step-by-step explanation:

Given

5x+ 2 >3x+10

⇔5x - 3x >10-2

⇔2x > 8

⇔x > 4

<h3>The value of x is always grater than 4.</h3><h3>Therefore x = (4,∞)</h3>

4 0

3 years ago

Read 2 more answers

How many times can 75 go into 12.0

Nikolay [14]

1 time or something like that, it most likely had a decimal in there somewhere but it's defanitley 1 something.

3 0

3 years ago

You have 6 people working to set up for tonight's banquet, and each person can set up 13 tables per hour. You need to have 500 t

svlad2 [7]

6*13=78

they can set up 78 tables an hour

500/78=6.41025641026

rounded=6.4103

they would take 6-7 hours to set up 500 tables

they should start set up at 11:00 a.m

3 0

3 years ago