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1 answer:
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Answer:
cost of a box is $3.5
Step-by-step explanation:
given data
sold box = 18
earned = $136.50
solution
we consider here number of boxes of cookies is x
and
for we get Tyler sold cookies box so number of boxes we divide 702 cookies among 18 is
Tyler sold =
Tyler sold = 39 boxes
and
now we consider here y as cost of each box of cookies,
so for cost or sale price of the cookie boxes here we divided 136.50 dollars among 39 boxes
so
cost of each box =
cost of each box = 3.5
Thus, the cost of each box was 3.5
Solution
For this case we can use the following formula:
Where:
P= 400800 = present value
A= future value
r= 0.055 interest rate
n= 4, number of times that the interest is compund in a year (quarterly)
t= 4 years
Replacing we got:
then the interest would be: