For this case we have the following equation:
P (t) = P (1 + r / n) ^ (n * t)
Where,
P: initial investment
r: interest
n: periods
t: time
she will take on her 45th birthday:
for t = 25:
P (25) = 1000 * (1 + 0.0165 / 4) ^ (4 * 25)
P (25) = 1509.31 $
Answer:
The future value of this investment when she takes her trip is:
P (25) = 1509.31 $
Answer:
Mixed numbers have a whole number followed by the fraction (2 1/2). You would say "two and one half." The other format is an improper fraction where the numerator is greater than the denominator (5/2). Mathematicians would say that is five halves.
To answer this problem, let p be the price of each scrub. The total bill (t) is the sum of the price of the potting soil (s) and of the 9 scrubs (n). This is depicted in the equation,
$11.50 + 9p = $94.75
The value of p from the equation is 9.25. Thus, each scrub costs $9.25. The answer is letter C.
<span>When your income is more than your expenses, y</span>ou have surplus
