Question

Find the total amount owed, to the nearest cent, for the following simple interest loans. (3 points each)

Answer 1

Answer:

a. 90.04

b. 446.05

Answer 2

Since the question is partial, i will assume 2 scenarios:
They need to raise 1000 income
They need to make 1000 as profit
If $1000 as income:
Each ticket costs $15, so tickets would bring them $1000 income. Fractional ticket is not possible, so rounding gives us 67 tickets as the answer.

If $1000 as profit:
Their cost of renting is $700. We know that .
So, . So, to raise $1700, we need tickets. Fractional ticket is not possible, so rounding gives us 114 tickets as the answer.

ANSWER:
If need to raise atleast $1000 as income, they need to sell 67 tickets.
If need to raise atleast $1000 as profit, they need to sell 114 tickets.