How much would $500 invested at 6% interest compounded monthly be worth after 5 years? round your answer to the nearest cent.
2 answers:
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we are given that
3 chickens to lay 32 eggs
now, we can find number of eggs per chicken
number of eggs per chicken= (total eggs)/(total chicken)
so, we get
number of eggs per chicken is
now, we can set up following
1.5 chicken : 1.5 eggs : 1.5 days
3 chickens : 3 eggs : 1.5 days
1 chicken : 1 egg : 1.5 days
Since, changing number of chicken won't affect time
time to lay eggs will always remain same
so,
for 1 chicken to lay eggs
it takes
..............Answer