Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;
Therefore, it will take 88.2 months to accumulate the amount.
Answer:
<h2>88 cars</h2><h2>132 trucks</h2>Step-by-step explanation:
This is a ratio problem, the ratio of cars to trucks
for every 4 cars, there are 6 trucks
represented as a ratio we have 4:6
1. how many of them are cars
applying the part to whole strategy we have
4+6 = 10
let cars be x
2. how many of them are trucks?
let trucks be y