You would do the ((2 x 3.14) divided by four) x 3 To get the answer I will explain it if it’s right
<u>Answer-</u>
<em>The amount will be </em><em>$8944.62</em><em> after 5 years.</em>
<u>Solution-</u>
We know that,
![\text{FV of annuity}=P[\dfrac{(1+r)^n-1}{r}]](https://tex.z-dn.net/?f=%5Ctext%7BFV%20of%20annuity%7D%3DP%5B%5Cdfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%5D)
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,
![\text{FV of annuity}=50[\dfrac{(1+0.0325)^{60}-1}{0.0325}]](https://tex.z-dn.net/?f=%5Ctext%7BFV%20of%20annuity%7D%3D50%5B%5Cdfrac%7B%281%2B0.0325%29%5E%7B60%7D-1%7D%7B0.0325%7D%5D)
![=50[\dfrac{(1.0325)^{60}-1}{0.0325}]](https://tex.z-dn.net/?f=%3D50%5B%5Cdfrac%7B%281.0325%29%5E%7B60%7D-1%7D%7B0.0325%7D%5D)
![=50[\dfrac{6.8140-1}{0.0325}]](https://tex.z-dn.net/?f=%3D50%5B%5Cdfrac%7B6.8140-1%7D%7B0.0325%7D%5D)
![=50[\dfrac{5.8140}{0.0325}]](https://tex.z-dn.net/?f=%3D50%5B%5Cdfrac%7B5.8140%7D%7B0.0325%7D%5D)
Therefore, the amount will be $8944.62 after 5 years.
Answer:
Michael's present age = p + 5
Michael's present age = 3p + 15
Sum of there ages 6 year age = 5p + 38
Sum of there ages 3 year ago = 5p - 11
Step-by-step explanation:
Assume;
Age of Rui Feng = x
Age of Micheal = x + 5
Age if Vishal = 3[x+5]
Given:
Age of Rui Feng = P
Computation:
Michael's present age = Age of Rui Feng + 5
Michael's present age = p + 5
Vishal's present age = 3[p + 5]
Michael's present age = 3p + 15
Sum of there ages 6 year age = [p + 6] + [p + 5 + 6] + 3[p + 5] + 6
Sum of there ages 6 year age = 5p + 38
Sum of there ages 3 year ago = [p - 3] + [p + 5 - 3] + 3[p + 5] - 3
Sum of there ages 3 year ago = 5p - 11
60v = $15
60v/60 = $15/60
v = 0.25
The original value of the baseball card is $0.25
