I think it is D, hope it helps
She remove (withdrew) $55 from her account. Her saving balance(d) decreased by $55
Answer:
a. the investment earns 4%
b. yes
Step-by-step explanation:
The "rule of 72" says that an investment earning compound interest at x% will double in value after 72/x years. That is, ...
f(x) = 72/x
__
<h3>a.</h3>
We interpret f(4) to mean Becky's friend is interested in the doubling time for an investment that earns 4% interest.
__
<h3>b.</h3>
Using the above formula, ...
f(4) = 72/4 = 18
The friend's math is correct.
Answer:
- 30 adult tickets,
- 50 kids tickets
Step-by-step explanation:
<u>Given</u>
- Cost of adult ticket = $8.50
- Cost of kids ticket = $7.00
- Number of tickets = 80
- Total cost = $605
Let the adult ticket be a and kids be k
<u>We got equations</u>
- a + k = 80
- 8.5a + 7k = 605
<u>From the first equation we get</u>
<u>Substituting k in the second equation</u>
- 8.5a + 7(80 - a) = 605
- 8.5a - 7a + 560= 605
- 1.5a = 45
- a = 45/1.5
- a = 30
<u>Then finding k</u>
The value would be $14,000.
The formula we use for this is
A = p(1+r)ˣ, where p is the initial value, r is the percent of depreciation (as a decimal number) and x is the number of years. Note that since it is depreciation, r will be a negative number.
A = 25000(1-0.08)⁷ = 13946.17 ≈ 14000
