Answer
Find out the how much did each student recieve .
To prove
Let us assume that each student earned in the bake sell be x .
As given
Three students earned $48.76 at the bake sell.
The students split the earnings evenly i.e earning is divided into three equal parts .
Than the equation becomes
Solving the above
x = $16.25(approx)
Therefore the each student recieve $16.25(approx) .
Hence proved
Answer: B.
Step-by-step explanation:
The formula to find the compound amount (compounded yearly):-
, where P is the principal amount invested, is the rate of interest and t is time period.
As per given , we have
P=$5500 , r=5% = 0.05 and A = $7,739.05.
Substitute all the values in the formula , we get
Hence, the equation describes Meredith's investment based on t, the number of years she kept the account open :