Answer:
she need to pay is $550.40
Step-by-step explanation:
given data
interest = 4.2 % compounded quarterly = 0.042 / 4 = 0.0105
future value = $7000
time = 3 year = 3 × 4 = 12 months
to find out
How much money she need to pay
solution
we will apply here formula for future value for compound quarterly
that is
future value = principal × .............1
put here all these value
future value = principal ×
7000 = principal ×
principal = 550.40
so she need to pay is $550.40
Answer:
Number of student tickets were sold = 409
Step-by-step explanation:
Total number of tickets sold = 771
I.e Students ticket (S) + Non students ticket(N S) = 771
Total amount to be paid for tickets = $ 3037
Amount paid by students per tickets = $3
Amount paid by non-students per tickets = $5
So, according to question
S + NS = 771
3 S + 5 NS = 3037
Solve both equations
5 S + 5 NS = 771 × 5
3 S + 5 NS = 3037
so ,
(5 S + 5 NS) - (3 S + 5 NS ) = 3855 - 3037
Or, 2 S = 818
I.e S = = 409
Hence, The number of student tickets were sold = 409 Answer