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Aleonysh [2.5K]
2 years ago
6

A caterer's total cost for catering a party includes a fixed cost, which is the same for every party. In addition the caterer ch

arges a certain amount for each guest. If it costs $300 to serve 25 guests and $420 to serve 40 guests, find the cost per guest. Write a system of equations for the situation and solve using inverse matrices.
Mathematics
1 answer:
Rus_ich [418]2 years ago
5 0
A caterer's total cost for catering a party includes a fixed cost, which is the same for every party. In addition the caterer charges a certain amount for each guest. If it costs $300 to serve 25 guests and $420 to serve 40 guests, find the cost per guest. Write a system of equations for the situation and solve using inverse matrices.
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<h3>How many years would it take the investment to have a value of $4616?</h3>

When an amount earns compound interest compounded semi annually, it means that both the amount invested and the interest accrued increases in value twice yearly.

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