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liberstina [14]
3 years ago
8

A ticket to a play costs $50. there is a 5% transaction fee. what is the total cost of the ticket

Mathematics
2 answers:
valentina_108 [34]3 years ago
8 0

Answer:

$52.50

Step-by-step explanation:

To find the total cost, we need 105% of $50. Multiply;

$50 × 1.05 = $52.50

The total cost is $52.50

insens350 [35]3 years ago
4 0

Answer: $52.50

Step-by-step explanation:

To find the total cost, we must add the extra 5% to the base price of $50. To find the 5%, we take 5% of 50. An easy way to do this is to take 10%, or 5, then divide by 2. This leaves us with 2.5, or $2.50, leading to a total cost of $52.50.

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Step-by-step explanation:

To find the total amount after 3 years, we can use the formula for compound tax:

P = Po * (1+r/n)^(t*n)

where P is the final value, Po is the inicial value, r is the rate, t is the amount of time and n depends on how the tax is compounded (in this case, it is semi-annually, so n = 2)

For our problem, we have that Po = 5000, r = 12.3% = 0.123, t = 3 years and n = 2, then we can calculate P:

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