To find the total amount
The formula is
A=p (1+r)^t
A total amount?
P present value 1050
R interest rate 0.06
T time 25 years
A=1,050×(1+0.06)^(25)=4,506.46
Interest amount
I=A-p
I=4,506.46−1,050
I=3,456.46
The question is simply asking us to create a word problem.
The word problem describing the division expression 3÷1/4 will be:
Given that Annie has 3 oranges and he wants to each orange into quarters, how many quarters will Annie have in total?