To find the total amount
The formula is
A=p (1+r)^t
A total amount?
P present value 1050
R interest rate 0.06
T time 25 years
A=1,050×(1+0.06)^(25)=4,506.46
Interest amount
I=A-p
I=4,506.46−1,050
I=3,456.46
Well, we know that 2/3 is about equal to .666 and 2/4 equals .5 Since .666 is a greater number, Ricardo read more.
There would be 60 houses left
Answer:
11/12, 3/4, 5/8, 9/20 (from smallest to biggest)
