Don’t understand. Pls explain :)
1 answer:
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I'll use my own formula (similar to yours tho)
A=future amount
p=invested
r=rate in decimal
n=number of times per year compounded
t=time in years
so
when will A=2P
subsitute 2P for A
also quarterly means 4 times a year or n=4
and 12%=0.12=r
so
divide both sides by P
simplify
take the ln of both sides
divide both sides by 4ln(1.03)
use calculator
5.86244=t
about 5.9 years
A=future amount
p=invested
r=rate in decimal
n=number of times per year compounded
t=time in years
so
when will A=2P
subsitute 2P for A
also quarterly means 4 times a year or n=4
and 12%=0.12=r
so
divide both sides by P
simplify
take the ln of both sides
divide both sides by 4ln(1.03)
use calculator
5.86244=t
about 5.9 years
The cost per ticket is $0.75 if Clayton purchases the package.
Step-by-step explanation:
Given,
Cost of package = $18.75
Tickets in package = 25 tickets
To determine the cost of one ticket, we will divide the cost of package with number of tickets in package.
Cost per ticket =
Cost per ticket = $0.75
The cost per ticket is $0.75 if Clayton purchases the package.
Keywords: division, unit rate
Learn more about division at:
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