To solve this, write a proportion of Pounds to Cost:
Pounds: 3 x
Cost: 25.50 42.50
Cross multiply 3 and 42.50, this gives you 127.5
Then, divide by 25.5
This gives you 5.
You can buy 5 pounds with $42.50
Answer:
Albert is 24. Albert's father is 48
Step-by-step explanation:
Since there could be no more than 12 the multiples of 1/3 untill a denominator of 12 are 2/6 3/9 and 4/12
Answer:
The amount that would be in the account after 30 years is $368,353
Step-by-step explanation:
Here, we want to calculate the amount that will be present in the account after 30 years if the interest is compounded yearly
We proceed to use the formula below;
A = [P(1 + r)^t-1]/r
From the question;
P is the amount deposited yearly which is $4,500
r is the interest rate = 2.5% = 2.5/100 = 0.025
t is the number of years which is 30
Substituting these values into the equation, we have;
A = [4500(1 + 0.025)^30-1]/0.025
A = [4500(1.025)^29]/0.025
A = 368,353.3309607034
To the nearest whole dollars, this is;
$368,353
