Answer:
715 pounds
Step-by-step explanation:
<em>FV = solve</em>
<em>PV = 600</em>
<em>I% = 6</em>
<em>K = 1, N = 3 </em>(2013 - 2016 = 3 years)
Plug it in:
<em>FV = 600 x [ 1 + (6/100 x 1)]³</em>
= 600 x ( 1 + 0.06)³
= 600 x (1.06)³
FV = 714.61, 715 to the nearest dollar.
<em>Therefore, the fee in 2016 is 715 pounds.</em>
<h3>Answer:</h3>
13 years old
<h3>Explanation:</h3>
Let g and m represent grandfather's age now and my age now. The relation 5 years ago was ...
... g -5 = 5(m -5)
The relation in 3 years will be ...
... g +3 = 3(m +3)
Subtracting the first equation from the second, we get ...
... 8 = -2m +34
... 2m = 26 . . . . . add 2m-8
... m = 13
My age now is 13.
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