Answer:
45×7
Step-by-step explanation:
First, we convert the interest such that it is compounded annually. The formula would be:
ieff = (1 + i/m)^m - 1
where m = 4, since there are 4 quarters in a year
ieff = (1 + 0.025/4)^4 - 1
ieff = 0.0252
Then we use this for this equation:
F = P(1 + i)^n, where F is the future worth, P is the present worth and n is the number of years
F = $600(1 + 0.0252)^15
F = $871.53
You tap on there username or picture
Answer:
Step-by-step explanation:
if the ratio is 8:11 then 40:x
Cross multiply
8 40
11 x
8x=440
And divide by 8
x=55. She has 55 books
