Answer:
300
Step-by-step explanation:
15/0.05=300
Answer:
$6938.78
Step-by-step explanation:
Interest = Principal x Rate x Time (in years)
let 'P' = Principal
85 = P × .021 × 
85 = .01225P
85 / .01225 = P
6938.78 = P
Remaining children = 20-6=14
So 14 children have age of 8 years old.
Average age = (6*5+14*8)/20 ≈ 7.1 ≈ 7 years old
Wouldn’t it be the same as Z? Lol
The future value of the amount deposited will be given by:
FV=p(1+r/100n)^nt
where:
FV=future value
p=principle
r=rate
n=terms
t=time
thus substituting our values in the formula we get:
FV=4000(1+5.4/1200)^(6×12)
FV=$5,526.57
Answer: $5,526.57