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If the ratio is 5:3, then you divide 275 by 5, and then multiply it by 3. If you test the result, you'll find that the ratio fits.
Answer:
4x and -2x
Step-by-step explanation:
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P = $70, p = 2.5% = 0.025
q = 1 + 0.025 / 12 = 1.002
Future value of a periodic deposit:
A = P · q · ( q^30 - 1 ) / ( q - 1 )
A = 70 · 1.002 · ( 1.002^30 - 1 ) / ( 1.002 - 1 )
A = $2,166
Answer:
He will have $2.166 in 30 months.