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: 7 laps
Step-by-step explanation:
The athlete planned to run 3 miles
1 lap = 3/7 miles
x laps = 3 miles
by proportion :
x × 3/7miles = 3 miles
x = 3 ÷ 3/7
x = 3 x 7/3
x = 7
Therefore: the athlete will run 7 laps
The widths of the bars are equal to ensure that numbers aren't represented improperly. If a bar was wider than another that was the same height, it could be misinterpreted as being larger.
ANSWER
No solution
EXPLANATION
The first equation is
and the second equation is
We equate the two equations to obtain;
This implies that
There is no real number whose square is -1.
Therefore, the equation has no solution.
