Answer:
The school baseball team sold 270 tickets
Step-by-step explanation:
Step 1
Identify the total amount of tickets sold by each player;
1 player=1 book of tickets
But 1 book=10 tickets
Step 2
Express the total cost of ticket sales per book as follows;
total cost=cost per ticket×number of tickets per book
where;
cost per ticket=$3
number of tickets per book=10
replacing;
total cost=(3×10)=$30
Step 3
Using the expression below, solve for the number of tickets sold
Total amount raised=price per ticket×number of tickets sold
where;
total amount raised=$810
price per ticket=$3
number of tickets sold=n
replacing;
810=3×n
3 n=810
n=810/3=270
n=270
The school baseball team sold 270 tickets
A = P(1+i)ⁿ ==> compound interest where P= initial Capital, I =interest in% and n the number of years. A is the total amount collected over n years
A= 500(1.0325)¹² ==> 500(1+0.0325)¹² ==> 500(1+3.25%)¹²
The mistake is:
Either she has a yearly interest of 3.25% & she wrote 12 instead of 3 (years)
OR
She got a quarterly interest of 3.25% and in this case she should have divided 3.25& by 12 (4 quarter a year ==> 12 quarter for 3 years) by keeping as exponent the number 12 (right)
1)Now the Amount of A (as she wrote it) =500(1.0325)¹² = 734
2) If she wrote 12 instead of 3, and after correction A=500(1.0325)³ =550
3) But if she had taken the quarterly interest for a period of 3 years (12 Qrtr)
then A =500[1+(3.25%)/4]¹² = 551
Answer:
Step-by-step explanation:
