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Solve the following problems: a) Calculate the future value of an investment... b) If 12 men working 8 hours a day can finish a job in 15 days, how many hours a day must 20 men work to finish the job
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Question 1a:
Identify the given values.
Principal amount,
Annual interest rate,
Compounded quarterly, so
Time,Use the compound interest formula .
The amount of money in the account after 5 years will be .
Question 1b:
Calculate the total man-hours required for the work.
Total man-hours = Number of men Hours per day Number of days
Calculate the hours per day required for 20 men to finish the work in 8 days.
Let be the hours per day.
20 men must work .
Question 1c:
Identify the given information.
Tickets sold = 480,000
This represents 80% of all available tickets.Set up an equation to find the total number of available tickets.
Let be the total number of available tickets.
Solve for .
The total number of tickets that were available for the tournament is .
Question 2i:
To represent the information on a Venn diagram, we first calculate the number of people in each distinct region.
Total people = 50
Let P = Politics, A = Advertisement, S = Sports.Given:
Find the number of people who read exactly two sections.
- Only P and A:
- Only A and S:
- Only P and S:
Find the number of people who read exactly one section.
- Only P:
- Only A:
- Only S:
Find the number of people who read none of the sections.
Total people in at least one section = (Only P) + (Only A) + (Only S) + (Only P and A) + (Only A and S) + (Only P and S) + ()
Number of people who read none = Total people - Total people in at least one section
The information for the Venn diagram is:
- Only Politics:
- Only Advertisement:
- Only Sports:
- Only Politics and Advertisement:
- Only Advertisement and Sports:
- Only Politics and Sports:
- Politics, Advertisement, and Sports:
- None of the sections:
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