A principal purchased a total of 32 gas cards and movie passes for prizes. Each gas card cost $25.75, and each movie pass cost $
1 answer:
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Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
By definition of the binomial coefficient,
so we have
as required.