Answer:
<h2>There were 280 people in total.</h2>Step-by-step explanation:
The total cost is $560, according to the problem. We also know that the cost per person is $2. So, to find the number of people, we just need to divide
Therefore, there were 280 people in total.
Step-by-step explanation:
i = interest 3% for 30 years
This is a simple dynamical system for whom the the solutions are given as
putting values we get
S=2000[\frac{(1.03)^{30}-1}{0.03}](1.03)
= $98005.35
withdrawal of money takes place from one year after last payment
To determine the result we use the present value formula of an annuity date
we need to calculate R so putting the values and solving for R we get
R= $6542.2356