What is the maturity value of $1 at a compound interest rate of 9 percent over 4 periods
1 answer:
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Answer:
72 cupcakes
Step-by-step explanation:
Morgan can make 4 cupcakes with one cup of flour. She has 18 cups of flour and suppose she can make x cupcakes, then
1 cup of flour - 4 cupcakes
18 cups of flour - x cupcakes
Write a proportion:
Cross multiply: