The number of visits Liam can make to earn his first free movie ticket is: 8.4.
<h3>
Number of visits Liam can make</h3>
Let x represent the number of visits
Formula
55+12.5×x=160
Re-arrange
12.5x=160-55
12.5x=105
Divide both side by 12.5x
x=105/12.5
x=8.4 visits
Therefore the number of visits Liam can make to earn his first free movie ticket is: 8.4.
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Answer:
$29,005.97
Step-by-step explanation:
Cn = Co * (1 + i)^n
Cn = 104,986.99(1+.05/1)^(1*5)
Cn = 104,986.99(1+.05)^5
Cn = 104,986.99(105)^5
Cn = 104,986.99(1.2763)
Cn = 133,992.96, total money at end
133,992.96-104,986.99= $29,005.97, interest accumulated
