Concept explainers
The jackpot value after 12 correct answer.
Answer to Problem 20PPS
The jackpot value after 12 correct answers is 14552.
Explanation of Solution
Given:
The starting jackpot value of the game is 1000. The value increases by 25% for every correct answer
Concept used:
The formula of increases rate over a time period is given by,
Calculation:
The value of the jackpot after 12 correct answers is calculated as,
Conclusion:
Hence, the number of new members that needed to be signed up at the end of one year is 14552.
Chapter 7 Solutions
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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