Answer:
P = 70 cents per muffin
Step-by-step explanation:
It says to find the price when the supply and demand are equal, so you have to set the two equations equal to each other.
7700/p = 3p-100.
It seems to me that the best way to solve this would be to set up a quadratic equation.
If you multiply both sides by p and then subtract 7700, you get the following:
0=3p^2 -100p -7700
I wrote a program to solve this, and I got the answers p= 70 and -36.67.
Obviously, a negative number doesn’t work in this situation, so the answer is 70 cents per muffin. To check this, you can plug it back into the equation:
7700/70=3(70)-100
110=110
Answer:
The balance after the payment is $1263.84.
Step-by-step explanation:
The formula for amount after compound interest is

Where, P is principal, r is rate of interest, n is number of time interest compounded in a period, number of periods.
According to the given information,
P=1455.69
r=0.128
n=365
t=45
Put these values in the above formula,


The amount after compound interest is $1478.84. Add late fee chages $35 in this amount and subtract the payment of $250. So, the balance amount after payment is

Therefore the balance after the payment is $1263.84.
Answer:
$2
Step-by-step explanation:
Total money Shania was having = $20.
After buying raffle tickets she was having a total of $6.
Thus ,
The money she spent on the raffle tickets = Money she was having initially -
Money she was having after
purchasing tickets .
= $20 - $6
= $14.
Thus She spent a total of $14 on tickets .
Now , number of tickets she bought = 7.
So, cost of each ticket =
=
= $2.
Thus , each ticket costs $2 for Shania.
Answer:
-8/15
Step-by-step explanation: