3 years ago

7. In 2015 a club has 250 members who each

Mathematics

1 answer:

Evgen [1.6K]3 years ago

3 0

2015:

250 members

$95 annual subscription

2016

250 members + 4%

$95 annual subscription + 6%

Work:

250 x 1.04 = 260

95 x 1.06 = 100.7

260 x 100.7 = 26,182

Thus, the club makes $26,182 from 260 members who pay a subscription of $100.7

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$\bf ~~~~~~ \textit{Continuously Compounding Interest Earned Amount}\\\\
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