Answer:
The value will be $1,411.20
Step-by-step explanation:
What we do here is to set up an exponential equation to calculate the value.
Mathematically it will look like this;
V = I(1-r)^n
where V is the future value
I is the initial amount = 24,600
r is rate of decrease = 13.75% = 13.75/100 = 0.1375
n is the number of years = 15 years
substituting these values, we have
V = 24,600(1-0.1375)^15
V = 24600(0.8625)^15
V = 1,411.165582454129
= $1,411.20
Answer:
B and D it ez
Step-by-step explanation:
816/850x100 = 96
Therefore 96 % of tickets were sold.
Answer:
- movie: $3.75
- video game: $5.75
Step-by-step explanation:
Two equations in two unknowns can be written:
3m +5v = 40
9m +7v = 74
These can be solved a variety of ways. One of them is using Cramer's rule. It tells you the solution to
is given by ...
- ∆ = bd -ea
- x = (bf -ec)/∆
- y = (cd -fa)/∆
For the numbers above,
- ∆ = 5·9 -7·3 = 24
- m = (5·74 -7·40)/24 = 90/24 = 3.75
- v = (40·9 -74·3)/24 = 138/24 = 5.75
The rental cost for each movie is $3.75; for each video game, it is $5.75.
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The attached graph shows a graphing calculator solution to these equations.