Baldwin paid $48 for 4 movie tickets. Each ticket costs the same amount. What was the cost of each movie ticket?
2 answers:
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Answer:
The rate of interest for compounded daily is 2.1 6
Step-by-step explanation:
Given as :
The principal investment = $ 98,000
The Time period for investment = 7 years
Let The rate of interest compounded daily = R %
The Amount at the end up = $ 114,000
<u>From compounded method</u>
Amount = Principal ×
Or, $ 114,000 = $ 98,000 ×
Or, =
or, 1.16326 =
or, = 1 +
1.00005919 - 1 =
or, 0.00005919 =
∴ R = 0.00005919 × 365000 = 2.16
Hence the rate of interest for compounded daily is 2.1 6 Answer
Let's start with " times a number". We will use
to represent the number.
" less than" is next.
Finally, "is ".
Put it all together to get an expression.
Now, let's solve for the unknown number.
Add on both sides of the equation.
Divide both sides of the equation by to isolate
.