It's annuity problem
To solve your question use the formula of the present value of annuity ordinary which is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value?
PMT yearly payments 18000
R interest rate 0.09
N time 20 years
So
Pv=18,000×((1−(1+0.09)^(−20))÷(0.09))
pv=164,313.82
Answer:
£3692
Step-by-step explanation:
A = p(1 + r/n)^nt
Where,
A = future value
P = principal = £2350
r = interest rate = 4.2% = 0.042
n = number of periods = 1(annual)
t = time = 4 years
A = p(1 + r/n)^nt
= 2350(1 + 0.042/1)^1*4
= 2350(1 + 0.042)^4
= 2350(1.042)^4
= 2350(1.5789)
= 2770.42
A = £2770.42
Total years = 10
Remaining years = 10 - 4
= 6 years
Remaining 6 years
P = £2770.42
r = 4.9% = 0.049
n = 1
t = 6
A = p(1 + r/n)^nt
= 2770.42(1 + 0.049/1)^1*6
= 2770.42(1 + 0.049)^6
= 2770.42(1.049)^6
= 2770.42(1.3325)
= 3691.59
A = £3691.59
Approximately £3692
The problem is saying that 17/20 times the number of dollars equals the number of euros converted. Which in this case to solve your problem, 17/20 times one equals 17/20.
The set is not closed
Example:
-4 * -3 = 12 this is not a negative integer
