The number of years (n) that the deposit stayed in his balance is given by: 65 - 18 = 47 years.
The future value (FV) of a deposit (P), deposited at an interest rate of r% compounded yearly for n years is given by

Given that <span>Jamal deposits P = $1000 into a savings account on for n = 47years at 2% interest compounded yearly, the amount in his bank account at the end of the period is given by

</span>
Answer:
Sales = n
($x + $y)
Step-by-step explanation:
The basic simple sales equation is
Quantity
Price = Sales
Here in the given question,
Total quantity of sales = n
Price = Cost + markup
(Markup refers to the profit added to cost)
Thus price = $x (cost) + $y (markup)
Sales = n
($x + $y)
Sales amount is the total amount received from sales of products, total quantity at some price provided.
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