Answer:
Ordinary annuity
Step-by-step explanation:
Given : ABC Insurance offers an annuity with 4.5% APR for the next 5 years. You decide to invest $1000 each year into this account.
To find : What type of annuity is this?
Solution :
Annuity is the form of insurance in which some of the money is paid each year to secure for future.
There are two types of annuity:
Ordinary annuity - In this annuity the payment is made at the end of each period over a fixed length of time. Also in this annuity payments are made monthly, quarterly, semi-annually or annually.
Annuity due - is the opposite of ordinary annuity as in this the payment is made at the beginning of each period.
In the given situation the annuity is ordinary annuity because the investment is done each year for 5 years.
The answer to this problem is A 10
Answer:
The land which are used for exhibits are <u>89 acres</u> (approximately).
Step-by-step explanation:
Given:
Village is spread across 240 acres of land. 37% of land is used for the exhibits.
Now, we have to find acres of land which are used for exhibits.
So, here it is given that land used for exhibits is 37%, and we have to calculate the quantity from the percentage given:
According to question:
37% of 240 acres of land.
So, the land used for exhibits are 88.80 acres.
Therefore, the land which are used for exhibits are <u>89 acres </u>(approximately).
This question can be also asked as what is the scientific notation of the number 240,000. The scientific notation is written as <span>a whole number multiplied by the power of ten. It should be written as follows:
2.4 x 10^5
Hope this helps. Have a nice day.</span>
