Answer:
$137,339.88
Step-by-step explanation:
Here is the equation for compound interest: A=P(1+(r/n))^nt
where A=amount of money, P=principal, r= rate in decimal, n=number of times compounded per t, and t=time
In this case:
A=$250,000
P= ?
r= 0.04
n= 12 month/yr
t= 15 yrs
You can manipulate the equation to solve for P:
P=A/[(1+(r/n))^nt]
Plug in variables then solve:
P= 
P=137339.8761 = $137,339.88
Answer:
Good Luck!
Step-by-step explanation:
Answer:
The probability that a student who is involved in a sports team also participated in the prom dance = 0.1344
Step-by-step explanation:
56% of the students are involved in a sport team
56% = 0.56
According to the question, it is stated that 24% of the students at the school that are involved in a sports team also participated in the prom dance.
24% = 0.24
This means that we are going to find 24% of the original 56%, since 24% of them also participated in the prom dance.
The probability that a student who is involved in a sports team also participated in the prom dance = 0.24 * 0.56
The probability that a student who is involved in a sports team also participated in the prom dance = 0.1344
Answer:
The correct answer is - 12.
Step-by-step explanation:
Given:
Total number of people = y = 39x+50
Total amount spent y = 518
Solution:
The equation for the number of people who attended the dinner
y = 39x+50
The cost of dinner is equally divided by number of people =
then, 518 = y
placing value, 518 = 39x+50
x = (518-50)/39
= 468/39
= 12
Then number of people attended the dinner = 12
The original price is c. Then the grocery bill will be: c - 0.05c = 0.95 c. You can also say since the beggining that 5% disscount implies 0.95 factor, which leads to c * 0.95 = 0.95c. Sorry if it’s wrong
