Answer:
5 shirts for $21
Step-by-step explanation:
25.50÷6= 4.25
18.00÷4= 4.50
21.00÷5= 4.20
Answer:
1) future value = present value x [1 + (i x n)] = $300 x [1 + (3.5% x 4)] = $342
2) using the compound interest formula:
future value = $225 x (1 + 4.1%)¹°⁵ = $238.98
Using the simple interest formula doesn't yield the same answer = $225 x [1 + (4.1% x 1.5)] = $238.84. In this case it is close due to a very short period of time and low interest rate.
3) future value = present value x (1 + i)ⁿ = $1,700 x (1 + 6%)⁴ = $2,146.21
since the interest is annual, we must convert 48 months to 4 years
If that is 49/43 then none of the answers fit
The answer is 7/10. Do you need help with any other problems?
