Answer:
$11040
Step-by-step explanation:
first of all the question says that $4000 were earned in a year and asks for what the new vale would be after the next 3 years with a discount rate of 8%.
If 1 year=$4000,then 3 years=$12000
100%-8%=92% (this happens because there is still a remaining amount that still has a cost to it),so 12000*92%=$11040
If I’m not wrong each ticket was 8.75
Because 43.75 divided by 5= 8.75:)
Answer:
1/16
Step-by-step explanation:
Answer:
Step-by-step explanation:

Cross multiply,
19.5*k = 10.5 * 6.5
