giancarlostracuzzi1 giancarlostracuzzi1
  • 08-06-2020
  • Mathematics
contestada

The average cost of a movie ticket is $7.50. If this price increases annually by 7 percent, how much would a movie ticket cost in 9 years?

Respuesta :

gilbertazavedo72
gilbertazavedo72 gilbertazavedo72
  • 08-06-2020

Answer: After 9 years, the ticket will be $13.79

Answer Link
lopestafffff
lopestafffff lopestafffff
  • 07-03-2021

Answer:

$13.79

Step-by-step explanation:

FV = PV(1+r/100)^9

A =7.50 (1+ [7/100]) ^9

A = $13.79 per ticket

Answer Link

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