Answer:
Step-by-step explanation:
Let X is the number of cards Kenny has
Let Y is the number of cards Lee has
1. Kenny had 5/7 more trading cards than lee, it means
X = Y + 5/7X (1)
2. After Kenny collected 50% more trading cards, he had 220 more trading cards than lee, it means:
X + 50%X = Y + 220 (2)
So, we solve the 2 equations to find out X and Y
<=> X = and Y =
<=> X ≈181 and Y ≈ 52
Answer:
Present value = $4,122.4
Accumulated amount = $4,742
Step-by-step explanation:
Data provided in the question:
Amount at the Start of money flow = $1,000
Increase in amount is exponentially at the rate of 5% per year
Time = 4 years
Interest rate = 3.5% compounded continuously
Now,
Accumulated Value of the money flow =
The present value of the money flow =
=
=
=
= 1000 × [70.7891 - 66.6667]
= $4,122.4
Accumulated interest =
=
= $4,742