$~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$900\\ r=rate\to 4.75\%\to \frac{4.75}{100}\dotfill &0.0475\\ n= \begin{array}{llll} \textit{times it compounds per year} \end{array}\dotfill &1\\ t=years\dotfill &9 \end{cases} \\\\\\ A=900\left(1+\frac{0.0475}{1}\right)^{1\cdot 9}\implies A=900(1.0475)^9\implies A\approx 1366.6$

6 0

2 years ago

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A drama club made $3,200 from a school play. Seventy-five percent of that amount came from ticket sales. Identify the values of

NISA [10]

Answer:

75%

Step-by-step explanation:

For this case, the first thing we will do is name variables:

a: percentage from ticket sales

b: ticket sales

We have then:

a = 75%

b = (0.75) * (3200) = $ 2400

Answer:

a = 75%

b = (0.75) * (3200) = $ 2400

The amount of ticket sales is $ 2400.

8 0

11 months ago