Answer:
40
If a customer bought a custom arrangement for $28.00, how many flowers were in the arrangement?
1 answer:
You might be interested in
To answer this question we will use the following formula for compounded monthly interest:
where A₀ is the initial amount, r is the annual interest as a decimal number and 12 is the number of years.
Notice that:
Therefore, substituting t=42, r=0.02, and A₀=120000 we get:
Simplifying the above result we get:
Answer: $277,769.75.