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2 years ago

$600 invested with compound interest at a rate of 4% per year for 10 years formula:M= P(1+i)^n

1 answer:

8 0

Answer: M = 2100$

Explanation:

M = P(1 + I)^n

P = 600$, I = 4% = 0.04, n = 10

=> M = 600(1 + 0.04)^10
M = 600(1.04)^10
M = 600(3.5)
M = 2100$

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Answer:

Step-by-step explanation:

Given that the hartford insurance company has hired you to poll a sample of adults about their car purchases.

Here the insurance company is using convenience sampling to select customers so they resorted to taking the names from telephone directories.

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3 years ago

Customers who purchase museum tickets in advance receive 10% off the regular admission price. Anias paid a sale price of $54. He

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Answer:

Regular price of a ticket = $60

Step-by-step explanation:

Given:

On purchasing museum tickets in advance customers get 10% off on the regular price of ticket.

Anias paid the sale price of ticket = $54

To find the regular price of ticket.

Solution:

Let the regular price of ticket in dollars be $=x$

Discount offered for booking in advance = 10%

Discount amount in dollars = $Discount\ percent \times Regular\ price=10% \times x =0.10 \times x =0.1x$

Sale price of a ticket in dollars= Regular price - Discount amount= $x-0.1x=0.9x$

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$0.9x=54$

Dividing both sides by 0.9

$\frac{0.9x}{0.9}=\frac{54}{0.9}$

∴ $x=60$

∴ Regular price of a ticket = $60

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3 years ago

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