Niko spent $23.25 a raffle ticket that cost $.75 each which of the following is the number of raffle tickets niko bought
1 answer:
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Answer:
$395.61
Step-by-step explanation:
The formula for simple interest is:
Where
i is the interest amount
P is the principal amount
r is the rate of interest per time period
t is the time period
Here,
P = 4869
we want to find after 30 months, that converted to years is:
30/12 = 2.5 years
t = 2.5
The annual rate is 3.25% = 0.0325
Now, substituting, we find our answer:
The interest earned is <u>$395.61</u>
Answer:
Here, b represents one loaf of bread and m represents the one gallon of milk.
As per the statement:
Arah went to the grocery store and bought 4 loaves of bread and 1 gallon of milk for $12.
⇒
It is also given that the next week, Sarah bought 2 loaves of bread and 3 gallons of milk for $13.50.
⇒
Then; system of equation :
.....[1]
.....[2]
Solve for b and m using above system of equations.
Multiply equation [2] by 2 we get;
.....[3]
Subtract equation [1] from [3] we get;
Combine like terms;
Divide both sides by 5 we get;
m = $3
Substitute the value of m in equation [1] we get;
Subtract 3 from both sides we get;
Divide both sides by 4 we get;
b = $2.25
Therefore, cost of one loaf of bread (b) and one gallon of milk (m) are:
$2.25 ad $3