we have
--------> equation A
----> equation B
Substitute equation A in equation B
therefore
<u>the answer is the option B</u>
A candy company puts 2 gumdrops in each bag. How many gumdrops will the company need to fill 687,250 bags?
2 answers:
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Answer:
<em>$79,381</em>
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Step-by-step explanation:
We can use the formula for compound growth to solve this. Thus,
Where
F is the future amount (the amount that must be paid back)
P is the initial amount (it is 46,000)
r is the annual rate of interest (here it is 6.25%, in decimal it is 0.0625)
t is the number of year (9 years, t = 9)
<em>Putting them into the formula, we can solve for F, our answer:</em>
<em></em>
<em />
<em>Rounded to nearest dollar, $79,381</em>