Answer:the balance after 7 years is $3216
Step-by-step explanation:
A) Initial amount deposited into the account is $2800 This means that the principal,
P = 2800
It was compounded yearly. This means that it was compounded once in a year. So
n = 1
The rate at which the principal was compounded is 4%. So
r = 4/100 = 0.04
It was compounded for 7 years. So
t = 7
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. Therefore
A = 2800(1 + 0.04/2)^ 1× 7
A = 2800(1 + 0.02)^7
A = 2800(1.02)^7
A = $3216
7 is just adding.
8 is counting by odd numbers.
9 is a rotation
Answer:
The smallest number is 7
Step-by-step explanation:
Using simultaneous equation;
x+y = 18.....(1)
4x-y = 17.....(2)
from equation (1)..
x+y = 18
y = 18-x...(3)
substitute y into equation (2)
4x-y = 17
4x-(18-x) = 17
4x-18+x = 17
4x+x = 17+18
5x = 35
x = 35÷5
x = 7
substitute x into equation (3)
y = 18-x
y = 18-7
y = 11
Therefore; x=7
y=11
11+7=18
(4×7)-11=17
the smallest number is 7
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Find Sales Price of 5 gallons of ice-cream:
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Sales price of Fruity Tooty = $6.00
Sales price of Peanut Butter = $5 x 2 = $10.00
Sales price of Rocky Road = $5.25 x 2 = $10.50
Total Sales Per 5 gallon = $6 + $10 + $10.50 = $26.50
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Find Variable Cost of 5 gallons of ice-cream:
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Variable Cost of Fruit Tooty = $5.25
Variable Cost of Peanut Butter = $4.50 x 2 = $9.00
Variable Cost of Rocky Road = $4 x 2 = $8.00
Total Variable Coast = $5.25 + $9 + $8 = $22.25
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Fixed Cost Given:
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Fixed Cost = $7500
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Define x:
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Let x be the number of 5 gallons that need to be sold to breakeven:
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Find x:
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26.50x = 7500 + 22.25x
26.50x - 22.25x = 7500
4.25x = 7500
x = 7500 ÷ 4.25
x = 1764.7 (Nearest tenth)
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Find the number of gallons of ice-cream needed:
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Total number of 5 gallons needed = 1764.7
Total gallons needed = 1764.7 x 5 =8823.5
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Answer: I sceam needs to sell 8823.5 gallons of ice cream to break even.
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