The answer to your question is 28%
:)
Answer: 278.4
Step-by-step explanation: What I did was I divided 1392 by 5. Now the reason I used "1392" rather than "1395" is because it asked for the amount of adult tickets, so I subtracted children ticket from total amount and got 1392 then divided it by 5 and ended up with 2
I=Prt Simple interest is the principle times the rate times the time.
The balance will be the principle plus that interest so:
B=P(1+rt), since P=5000 and the rate is 0.055
B=5000(1+0.055t) so at the beginning of the sixth year you will have earned five years of interest.
B=5000(1+0.055(5))
B=$6375
