It was stated in the problem that there are t collectors. Therefore,
there are (t + 1) collectors including Sergio. Since each collectors will
donate the same number of paintings and their total number of donated paintings
is 48, each should contribute 48/(t + 1) paintings. So, after the donation
Sergio will be left with 79 – 48/(t + 1) paintings.
A=p (1+I/k)^kn
A future value 160000
p present value ?
I interest rate 6/100=0.06
K compounded semiannual 2
T time 18-7=11years
160000=p (1+0.06/2)^(2×11)
Divide each side by (1+0.06/2)^(2×11)
P=160,000÷(1+0.06÷2)^(2×11)
P=83,502.8
Hope it helps:-)
A would be the answer to this question
Your Answer should be $100
