Find the savings plan balance after 24 months with an apr of 2.5% and monthly payments of $400. assume an ordinary annuity.
1 answer:
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14.94 cm ( to 2 dec. places )
We require the sum totals of the 2 groups before calculating the mean of all 14
using mean =
Children's sum
12.6 = ( cross-multiply )
sum = 6 × 12.6 = 75.6
Adult's sum
16.7 = ( cross- multiply )
sum = 8 × 16.7 = 133.6
Total sum of all 14 = 75.6 + 133.6 = 209.2
mean = = 14.94 cm
