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tensa zangetsu [6.8K]
3 years ago
12

PLEASE HELP FAST The Booster Club raised $30,000 for a sports fund. No more money will be placed into the fund. Each year the fu

nd will decrease by 5%. Determine the amount of money, to the nearest dollar, that will be left in the sports fund after 4 years.
A.
$27,550

B.
$22,641

C.
$24,435

D.
$24,436
Mathematics
1 answer:
zloy xaker [14]3 years ago
3 0

Answer:

c. $24,435

Step-by-step explanation:

30000(1 - .05)^{4} = 24,435.19

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Answer:

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Step-by-step explanation:

Let x be speed of Charlene, then speed of Paul will be x+16 as we are given that Paul is driving 16 mph faster than Charlene.

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Now we will use formula \text{Speed}=\frac{\text{Distance}}{\text{Time}}. Upon using our given information we will get two equation and two unknowns as:  

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Upon substituting x=\frac{y}{5} in 1st equation we will get,

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Upon multiplying both sides of our equation by 5 we will get,

5(\frac{y}{5}+16)=420-y

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y+80=420-y

y+80+y=420-y+y

2y+80=420

2y=420-80

2y=340

y=\frac{340}{2}  

y=170      

Upon substituting y=170 in 2nd equation we will get,

x=\frac{170}{5}

x=34

Therefore, Charlene's speed is 34 miles per hour.


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