A principal of $4700 is invested at 8.25% interest compounded annually. How much will the investment be worth after 7 years?
1 answer:
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Answer:
13 glue sticks cost $25.22.
Step-by-step explanation:
4 blue sticks cost $7.76, this means that one glue stick costs
$7.76/4 = $1.94.
Let be the cost of the glue sticks, and
be the number of glue sticks; then
We can use this equation to find the cost of 13 glue sticks; we just put into our equation and it gives:
So 13 glue sticks cost $25.22.