Take 4.95 and divide it into 2 and you will get ur answer of 2.475
Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Answer: 31500 to 38500
Step-by-step explanation:
Lets find lower limit of guess
35000 - ( 35000 * 10% )
= 31500
Upper limit of guess
35000 + ( 35000 * 10% )
= 38500
So your guess can be anything between these two values.
The rise in temperature by 11 degrees Fahrenheit can be represented by the temperature change, ΔT = +11 °F. The temperature change is positive because the temperature increased as stated in the question. Moreover, the formula for temperature change is: ΔT = T_final - T_initial. This means that for this case, the final temperature is higher than the initial temperature.
