A commercial airplane is flying at an elevation of 15,000 feet and ascends to an elevation of 20000 feet at a rate of 1250 feet
1 answer:
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You can set this up as an algebraic equation using the ratio:
= 
where x = number of skiers
Cross multiply:
x + 1250 = 2x
Solve for x:
-x = -1250
x=1250
To find the number of snowboarders, add 1250.
1250 + 1250 = 2500
1250 skiers and 2500 snowboarders bought season passes.
where x = number of skiers
Cross multiply:
x + 1250 = 2x
Solve for x:
-x = -1250
x=1250
To find the number of snowboarders, add 1250.
1250 + 1250 = 2500
1250 skiers and 2500 snowboarders bought season passes.
Answer:
$15,539.67
Step-by-step explanation:
Compound Interest Formula
where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- n = number of times interest applied per time period
- t = number of time periods elapsed
Given:
- P = $11,000
- r = 5.8% = 0.058
- n = 4 (quarterly)
- t = 6 years
Substitute the given values into the formula and solve for A:
Therefore, the value of the investment after 6 years will be $15,539.67 to the nearest cent.