One way of doing this is to write the equation of ratios (15 screwdrivers / 45 screwdrivers) = ($300 / x). Solve this equation for x. To do this, you might try multiplying both sides of this equation by x to eliminate fractions.
Another way is to obtain the unit cost of each screwdriver and then multiply the result by 45 screwdrivers.
Answer:
Step-by-step explanation:
Usimg formula for calculating compound interest.
A = P(1+r/n)^nt
P is the principal =$250
r is the rate = 5%
t is the time = 25years
n = 1/4(compounded quarterly)
Substituting to get the amount A.
A = 250(1+5/25)^25/4
A = 250(1+0.2)^6.25
A = 250(1.2)^6.25
A = 250(3.125)
A = $781.31
Hence the accumulated amount in Jessica's annuity after 25 years is $781.31
I’m assuming you mean to round to the nearest tenth? If so, it’s 79.3. If that’s not what you’re asking i don’t know what else you mean
