Start with how much profit they are making off each race entry. People pay $55 to race, but $15 of that is expenses so they are only profiting $40 for each entry. Now write one side of the equality. They start with $10,000 in donations, and then have a $40 profit for each race entry. So 10,000+40x. X will represent the unknown number of race entries. What do we want that expression to be equal to? We want 10000+40x>55000. It can also be greater than or equal to, not just greater than.
Solve for x. Subtract 10000 from each side resulting in 40x>45000. Divide each side by 40 to solve for x. X>1125. X needs to bbe greater than or equal to 1125. If there are 1125 race entries, the charity will profit exactly $55000, so the lowest number of race entries is 1125
We have given that,
interest rate = 2.76%
simple interest = 3,090
term = 15 years
<h3>What is the principle of simple interest?</h3>
Therefore,Nate should invest 7,463.77 to meet his goal.
To learn more about the simple interest visit:
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You know they are parallel because the lines will never intersect or meet. (Two straight lines usually mean it is parallel)
Adding both equations cancels y:
<span>4x + 8y = 16
</span><span>4x - 8y = 0
-----------------+
8x = 16 => x=2
filling in x=2 in the first equation gives:
4*2 + 8y = 16 => 8y = 8 => y=1
So (2,1) is the (x,y) pair that solves the two equations. Answer C.</span>
