Answer:
16/5
Step-by-step explanation:
The correct answer is 12
Set up a ratio and then solve. See paper attached. (:
To find the total amount
The formula is
A=p (1+r)^t
A total amount?
P present value 1050
R interest rate 0.06
T time 25 years
A=1,050×(1+0.06)^(25)=4,506.46
Interest amount
I=A-p
I=4,506.46−1,050
I=3,456.46
B=t-am is the correct answer:)