Find the future value
A=p (1+r/k)^kt
A=3,200×(1+0.024÷4)^(4×15)
A=4,581.72
interest earned
4,581.72−3,200
=1,381.72
116875 = (x / 100) * 125000
116875 = x * 125000 / 100
116875 = 1250x (The zeros get cancelled)
Therefore, x = 116875/1250 = 187/2 = 93.5%
Ages of Dan and Cary are 29 and 33 respectively.
<u>Step-by-step explanation:</u>
Step 1:
Form equations out of the given details. Let the age of Dan be x, then age of Cary is x + 4.
In 7 years, sum of their ages = 76
⇒ (x + 7) + (x + 4 + 7) = 76
⇒ 2x + 18 = 76
⇒ 2x = 58
⇒ x = 29
Step 2:
Calculate age of Cary.
⇒ x + 4 = 33
C. Is the answer to this question
The smallest value is $0.25 (a quarter) because you can use two quarters and a half dollar. Only one of them can't be a half dollar, but the other two can be.
