Miss Smith recorded the number of sandwiches sold in her Deli on one day. If she sells more than 25 of a type of Sandwich she or
ders more meat from the butcher. Use the inequality s is > than 25, where X is the number of sandwiches sold to determine which meat she needs to order
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Initial Deposit = $7000
It means P= $7000
rate of interest = 10%
So , r = 0.10
compounded quarterly , so n = 4
and we have to find the amount after 5 years , So t = 5
Now the formula we use here is
So amount after 5 years = $11470.315