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Based on the exchange rate, at the end of the trade, Lewis will have 31 puppets and 2 puzzles left over while Geppeto will have 158 puzzles and 4 puppets left over.
<h3>What is the exchange rate of puzzles for puppets?</h3>The exchange rate of puzzles for puppets is 3 to 1.
Geppeto has 20 puppets to exchange for puzzles.
Lewis has 50 puzzles to exchange for puppets.
Number of times Lewis can exchange puzzles for puppets = 50/3 = 16 times.
Lewis will get 16 puppets in exchange for 48 puzzles.
Therefore;
Lewis will have 16 + 25 puppets = 31 puppets and 2 puzzles left over
Geppeto will have 48 + 100 puzzles = 158 puzzles and 4 puppets left over.
in conclusion, the exchange rate determines the how many puzzles and puppets will each one have after they complete their trade.
Learn more about exchange rate at: brainly.com/question/2202418
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Answer:
There will be 9897.47€ in the account.
La cantidad será de 9897.47€.
Step-by-step explanation:
Future value with annuity:
The future value formula, for an annuity, is:
An annuity means that a number of payments happen during the period(an year, for example.
P is the value of the deposit, r is the interest rate, as a decimal, and n is the number of deposits.
In this question:
1000 € each year, so
Interest rate of 6%, so
One application per year for 8 years, so
Total amount:
There will be 9897.47€ in the account.
La cantidad será de 9897.47€.