Answer:
21:A 22:D
Step-by-step explanation:
hope that helps
Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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First, let’s all acknowledge that whoever comes up with problems like this WANTS kids to hate math...smh
I’m sure there is a prettier way to solve this, but here’s what I did:
8(2.25) + 3(22.50) =
18 + 67.50 = 85.50 per “set” of balls/jerseys
400/85.50 = 4.678 = number of “sets” he can buy. Round down to 4 so we have room for tax.
85.5 x 4 “sets”= $342
Tax on 342 is 0.06 x 342 = 20.52
$342 + 20.52 = $362.52 spent
Basketballs = 4 sets x 8 balls per set= 32
Jerseys = 4 sets x 3 jerseys per set= 12
32 basketballs, 12 jerseys, $362.52 spent
Answer:
a b
m n
the 2nd one
Step-by-step explanation:
