Answer:
The value will be $1,411.20
Step-by-step explanation:
What we do here is to set up an exponential equation to calculate the value.
Mathematically it will look like this;
V = I(1-r)^n
where V is the future value
I is the initial amount = 24,600
r is rate of decrease = 13.75% = 13.75/100 = 0.1375
n is the number of years = 15 years
substituting these values, we have
V = 24,600(1-0.1375)^15
V = 24600(0.8625)^15
V = 1,411.165582454129
= $1,411.20
Answer:
Ummm... ya its a becasue 95 is more then 50 (brainlest plzzzzzzzzzzzzzz)
Step-by-step explanation:
Divide total bought by 3 and multiply by 20cents:
210/3 = 70
70 x 0.20 = $14.00
Subtract the amount they paid by the amount they made:
14.00 - 6.50 = $7.50
The profit made was: $7.50