A 5 hour conference booking is required for an office party for 120 people which includes a buffet dinner. Hotel 5 has recently
increased the total charges by 10 . How much would this booking now cost from hotel 5?
1 answer:
Answer: I think that the cost now from hotel 5 would be $15.00.
Step-by-step explanation:
5 hours = $5.00
10 hours = $10.00
15 hours = $15.00
20 hours = $20.00
25 hours = $25.00
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F=P(1+r)^t
F=future amount
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r=rate
t=time in years
rate=2%=0.02
therefor the equation is
f(x)=23,000(1+0.02)^x
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where x=time in years from 2012