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Scrat [10]
2 years ago
6

Students in an environmental science class raised money to buy plants for a community garden. The students raised money by selli

ng regular cupcakes for $2.00 each and gluten-free cupcakes for $3.00 each. The number of regular cupcakes sold was determined to be 2 times the number of gluten-free cupcakes sold. If a total $350 was raised through cupcake sales over a three-week period, how many cupcakes were sold altogether
Mathematics
1 answer:
finlep [7]2 years ago
3 0

Answer:

50 gluten-free cupcakes and 100 regular cupcakes.

Step-by-step explanation:

Let's define the variables:

R = number of regular cupcakes sold

G = number of gluten-free cupcakes sold

The total amount of money raised then is:

M = R*$2.00 + G*$3.00

We also know that:

The number of regular cupcakes sold was 2 times the number of gluten-free cupcakes sold.

then:

R = 2*G

And we also know that the amount of money raised is $350

Then we have the equations:

R = 2*G

R*$2.00 + G*$3.00 = $350

We can replace the first equation into the second one, so we have only one variable:

(2*G)*$2.00 + G*$3.00 = $350

Now we can solve this for G.

G*$4.00 + G*$3.00 = $350

G*$7.00 = $350

G = $350/$7.00 = 50

G = 50

50 gluten-free cupcakes where sold.

And using the equation:

R = 2*G = 2*50 = 100

We can conclude that 100 regular cupcakes were sold.

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To achieve his goal of paying off $430,000 in 10 years, Rob Herndon needs to make $34,186.97 at 5% compounded annually.

<h3>What is a future value?</h3>

A future value refers to a value on a future date based on an assumed growth rate of interest over time.

The future value can be determined using the FV formula or table.

We can also compute the future value using an online finance calculator as follows:

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Thus, for Rob Herndon to achieve his goal of paying off $430,000 in 10 years, he needs to make $34,186.97 at 5% compounded annually.

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