Bettina spent $75 on 5 shirts that each cost the same price. three of the shirts were red. which expression represents the total
cost of the red shirts? A. 75 × 3/5 B. 75×5/3 C. 75/5 ×1/3 D. 75/3 × 1/5 plz help
3 answers:
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<u>Answer-</u>
<em>The amount will be </em><em>$8944.62</em><em> after 5 years.</em>
<u>Solution-</u>
We know that,
Where,
P = Payment = $50 monthly
r = rate of interest compounded monthly=
n = number of period = 5 years = 5×12 = 60 months
Putting the values in the formula,
Therefore, the amount will be $8944.62 after 5 years.