Answer:
The Final Investment Value is
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Each friend of Tommy will receive 4 blue balloons from tommy as Tommy wants to distribute his balloons equally among all of them.
As per the question statement, Tom has 24 blue balloons and he wants to distribute his balloons equally among all 6 of his friends.
To solve this question, let us assume that each friend of Tommy received "x" balloons on equal distribution.
We will now form a Linear Equation of single variable with "x", based on the condition mentioned in the question statement, and solving for "x", we will obtain our desired answer, i.e.,
Thus, Each friend of Tommy will receive 4 blue balloons.
To learn more about Linear Equations, click on the link below.
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