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08-06-2020
Mathematics

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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?

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gilbertazavedo72 gilbertazavedo72

08-06-2020

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

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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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