X=27 and y=11
if you let each number equal x and y we know the sum is 38 so x+y=38
and the smaller is 16 less than the larger
. so if we say the smaller number is 7 then x-16=y
these can be solved as a simultaneous equation. x+(x-16)=38
2x-16=38
2x=54
x=27
(27)-16=y
y=11
so the answer is x=27 y=11
FUTURE VALUE = PRESENT VALUE * (1 + r)^t
PV = 220,000
r = 3%
t = 7 years
FV = 220,000 * (1 + 3%)^7
FV = 220,000 * (1.03)^7
FV = 220,000 * 1.22987386542487
FV = 270,572.25
7 because if you divide it by 35, it's seven.
