This is the concept of application of compound interest, to calculate the amount I will have after the 5th deposit we proceed as follows;
A=p(1+r/100)^n
where;
A=future amount
p=principle
r=rate
n=number of years
thus substituting the values in our formula we get:
A=3,100(1+8.5/100)^5
A=3,100(1+0.085)^5
A=3100(1.085)^5
A=4,666.34
The amount of money after 5 years will be $4,666.24
Answer:
22.95 kg
Step-by-step explanation:
Let's say the farm stand owner starts with x kg of apples.
During the first hour, he sells 15% of the apples:
0.15 x
This means he's left with 85% of the original apples. During the second hour, he sells 20% of the remaining apples:
0.20 (0.85 x)
= 0.17 x
He's sold a total of 15% + 17% = 32% of the apples, so he's left with 68% of the apples. Continuing the pattern, the apples sold during the third hour:
0.25 (0.68 x)
= 0.17 x
He's sold 49% of the apples and is left with 51%. The apples sold during the fourth hour:
0.30 (0.51 x)
= 0.153 x
If 0.17 x = 25.5, then x = 150. So the apples sold during the fourth hour is:
0.153 (150) = 22.95
Answer: 615
Step-by-step explanation: you take the 45 times 12 months plus the 75 for the one time fee.
Answer:
The probability that they are both aces is 0.00452.
Step-by-step explanation:
Consider the provided information.
Out of 52 playing card we need to select only 2.
Thus, the sample space is: 
Two cards are Ace.
The number of Ace in a pack of playing card are 4 and we need to select two of them.
This can be written as: 
Thus, the probability that they are both aces is:

Hence, the probability that they are both aces is 0.00452.
The problem can be solved by <span>proportion as following
</span>
<span>For every 15 columns of news stories in a newspaper, 4 columns of ads are required
</span>
If a newspaper contains 300 columns of news stories, x columns of ads are required
∴ 15 : 4 = 300 : x
∴

By using cross multiplication
∴ 15 x = 4 * 300
∴ 15 x = 1,200
∴ x = 1,200/15 = 80
So, the number of <span>
columns of ads must it have = 80
</span>