Amy deposits $20,000 into an account that pays 6% interest per year, compounded annually. Bill deposits $20,000 into an account
2 answers:
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The first thing we must do is find the amount of land that will be used for the 120 lots.
We must remember that 10% of the land will not be used for the lots.
We have then:
Then, we must consider the following conversion of units:
Applying the conversion we have:
Then, the amount of square feet for each lot is given by:
Answer:
There will be 32670 square feet in each lot.
We must remember that 10% of the land will not be used for the lots.
We have then:
Then, we must consider the following conversion of units:
Applying the conversion we have:
Then, the amount of square feet for each lot is given by:
Answer:
There will be 32670 square feet in each lot.