The class wants to raise a total of $1750. If they receive a profit of $1.75 from each candy bar sold, how many bars must they s ell to reach their goal?
2 answers:
Answer: 1,000
Step-by-step explanation:
1,750 divided by 1.75 =1,000
Answer:
1,000
Step-by-step explanation:
If the class wants to raise a total of $1,750 and make a profit of $1.75 from each candy bar that gets sold then you take the total and divide it by the amount of profit each bar makes. So you do 1,750 divided by 1.75 and that gives you 1,000. So the class must sell 1,000 candy bars to reach their goal.
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Step-by-step explanation:
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Step-by-step explanation:
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Answer:
6.58 years
Step-by-step explanation:
Step one:
Given data
Principal=$9500
rate= 5%= 0.05
Final amount= $13200
Required:
The time t
Step two
The expression for the compound interest is
t = ln(A/P) / r.
substitute
t = ln(13200/9500) /0.05
t= ln(1.39)/0.05
t=0.329/0.05
t=6.58 years