The future value of cash whose initial value is $845, at the rate of 11.3% for 7 years will be calculated using the compound interest rate, that is:
A=p(1+r/100)^n
where:
A=future amount
r=rate=11.3%=0.113
time=7 years
thus the future value of our cash will be:
A=845(1+0.113)^7
A=845(1.113)^7
A=$1,787.82
C=10 & P=5
3C+4P=50
C+P=15
Solve
3C+4P=50
3C+3P=45
Subtract
P=5
Substitute in equation 2
C+P=15
C+5=15
C=10
Answer:
3
Step-by-step explanation:
20×0.15
equal 3
