Answer:
17.5% per annum
Step-by-step explanation:
<u>Given:</u>
Money invested = $20,000 at the age of 20 years.
Money expected to be $500,000 at the age of 40.
Time = 40 - 20 = 20 years
<em>Interest is compounded annually.</em>
<u>To find:</u>
Rate of growth = ?
<u>Solution:</u>
First of all, let us have a look at the formula for compound interest.
Where A is the amount after T years compounding at a rate of R% per annum. P is the principal amount.
Here, We are given:
P = $20,000
A = $500,000
T = 20 years
R = ?
Putting all the values in the formula:
![500000 = 20000 \times (1+\frac{R}{100})^{20}\\\Rightarrow \dfrac{500000}{20000} =(1+\frac{R}{100})^{20}\\\Rightarrow 25 =(1+\frac{R}{100})^{20}\\\Rightarrow \sqrt[20]{25} =1+\frac{R}{100}\\\Rightarrow 1.175 = 1+0.01R\\\Rightarrow R \approx17.5\%](https://tex.z-dn.net/?f=500000%20%3D%2020000%20%5Ctimes%20%281%2B%5Cfrac%7BR%7D%7B100%7D%29%5E%7B20%7D%5C%5C%5CRightarrow%20%5Cdfrac%7B500000%7D%7B20000%7D%20%3D%281%2B%5Cfrac%7BR%7D%7B100%7D%29%5E%7B20%7D%5C%5C%5CRightarrow%2025%20%3D%281%2B%5Cfrac%7BR%7D%7B100%7D%29%5E%7B20%7D%5C%5C%5CRightarrow%20%5Csqrt%5B20%5D%7B25%7D%20%3D1%2B%5Cfrac%7BR%7D%7B100%7D%5C%5C%5CRightarrow%201.175%20%3D%201%2B0.01R%5C%5C%5CRightarrow%20R%20%5Capprox17.5%5C%25)
So, the correct answer is <em>17.5% </em>per annum and compounding annually.
Factor dem groups
find greatest common factor
24=2*2*2*3
40=2*2*2*5
common is 2*2*2=8
answer is 8 groups
50 Dollars For The Member-Ship
2 Dollars For The Class (C)
Y=Total (unknown because you dont know how may classes)
Y=50(C)
Answer:
The solution of the system of equations is (11, 12)
Step-by-step explanation:
∵ The price of each student ticket is $x
∵ The price of each adult ticket is $y
∵ They sold 3 student tickets and 3 adult tickets for a total of $69
∴ 3x + 3y = 69 ⇒ (1)
∵ they sold 5 student tickets and 3 adults tickets for a total of $91
∴ 5x + 3y = 91 ⇒ (2)
Let us solve the system of equations using the elimination method
→ Subtract equation (1) from equation (2)
∵ (5x - 3x) + (3y - 3y) = (91 - 69)
∴ 2x + 0 = 22
∴ 2x = 22
→ Divide both sides by 2 to find x
∵ 
∴ x = 11
→ Substitute the value of x in equation (1) or (2) to find y
∵ 3(11) + 3y = 69
∴ 33 + 3y = 69
→ Subtract 33 from both sides
∵ 33 - 33 + 3y = 69 - 33
∴ 3y = 36
→ Divide both sides by 3
∵ 
∴ y = 12
∴ The solution of the system of equations is (11, 12)
Answer:
The Answer is gonna be 7/8 x 4 =3.5
This is the right Answer :3
I hope you are having a great day ❤️❤️❤️
