a petting zoo has 5 lambs 11 rabbits 4 goats and 4 piglets. find the ratio of goats to the total number of animals. write the ra
2 answers:
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<u>Answer-</u>
He needs to put $10345 in the account today, in order to get 15000 in five years.
<u>Solution-</u>
We know that,
Where,
A = future value of the investment with interest = 15000
P = principal investment amount
r = annual interest rate (decimal) = 7.5% = 0.075
n = number of times that interest is compounded per year = 4
t = the number of years the money is invested = 5
Putting the values,