Answer:
40
Step-by-step explanation:
We have an original price p
We mark them up by 50%
p + p*50%
Changing to decimal form
p+.50p = 1.5p
The new price is 60 dollars
1.5p = 60
Divide each side by 1.5
1.5p/1.5 = 60/1.5
p =40
The original price is 40
The answers would most likely be A,C,and B from my calculations
Based on the types of compounding and the interest rates, the following are true:
- Part A - The group will have $750
- Part B - The group will have $759.19
When using simple interest, the amount the group will have is:
<em>= Amount x ( 1 + rate x number of years )</em>
= 600 x ( 1 + 5% x 5)
= $750
When using compound interest, the group will have:
<em>= Amount x ( 1 + rate) ^ Number of years</em>
= 600 x ( 1 + 4%)⁶
= $759.19
In conclusion, compound interest yields more.
<em>Find out more about </em><em>compound interest </em><em>at brainly.com/question/25263325. </em>
