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Sidana [21]
3 years ago
11

Find the compounded amount. Assume 3.5% interest compounded daily.$2,750 deposited June 12 and withdrawn August 30

Business
1 answer:
natita [175]3 years ago
8 0

Answer:

June is 30 days

30-12=18 days

July is 31 days

August is 30 days

Time=18+31+30=79 days

A=2,750×(1+0.035÷365)^(79)

A=2,770.91

Interest earned

I=A-p

I=2770.91-2750

I==20.91

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3 0
3 years ago
there were 200 tickets sold for a college basketball game. Tickets were $4.50 for students and $9 for adults. The total amount c
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Answer:

70 tickets were sold to student and 130 tickets were sold to adults

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Let the number of tickets purchased by students be "X" and the number of tickets purchased by adults  be "Y"

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Total amount collected by selling 200 tickets = 1485 dollar

Cost of one ticket of student = 4.5 dollar

Cost of one ticket of adult = 9 dollar

Two equation are as follows

X + Y = 200\\ ------Eq (1)

4.5 X + 9 Y =1485 -------- Eq (2)

Multiplying eq (1) by 9 and subtracting from equation 2 we get

4.5 X - 9 X + 9Y -9Y = 1485 - (200* 9)\\-4.5 X = -315\\X = 70

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70 + Y = 200\\Y = 200 -70 \\Y = 130

Therefore, 70 tickets were sold to student and 130 tickets were sold to adults

8 0
3 years ago
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