Answer:
Future Value= $17,170.12
Step-by-step explanation:
Giving the following information:
Monthly deposit (A)= $70
Interest rate (i)= 0.04/12= 0.0033
Number of periods (n)= 15*12= 180 months
<u>To calculate the future value (amount saved), we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {70*[(1.0033^180) - 1]} / 0.0033
FV= $17,170.12
Correct
Its a geometric sequence with common ratio 2.
4,3 x is the first number then y
Answer: centroid
Reasoning: The centroid is the point of concurrency of the three medians in a triangle.
Answer:
He should sell each pen of Rs.0.8625 so as to make a gain of 15%
Step-by-step explanation:
- Cost price of 100 pens = Rs.75
- Cost price of 1 pen=
= 0.75
Gain=


SP = CP+Gain = 0.75+0.1125=0.8625
<u>So, He should sell each pen of Rs.0.8625 so as to make a gain of 15%</u>
#Learn more:
By selling 60 pens a shopkeeper gain the cp of 15 pen. If he bought 20 pens in rs36. Find the sp of one pen
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