Answer:
Step-by-step explanation:
Given
Required
Determine the number of bags sold
First, we need to determine the number of bags for 27 pears;
Since they are packed in 3s
Hence:
9 bags were used for 27 pears;
After 5 bags were sold, we have:
Recall that the pears are packed in 3s
So:
The annuity could provide $221.19 each month
Step-by-step explanation:
The ANNUITY FORMULA is , where
1. is the balance in the account after t years
2. d is the regular deposit (the amount you deposit each year or month
or .........)
3. r is the annual interest rate in decimal
4. n is the number of compounding periods in one year
5. t the number of years
∵ Loren knows that he will have $500,000 when he retires
∴ = $500,000
∵ he sets up a payout annuity for 30 years in an account paying 10%
interest
∴ t = 30 years
∴ r = (10/100) = 0.1
∵ The annuity could provide each month
∴ n = 12
Substitute the values above in the formula
∴
∴
∴ 500,000 = d [2260.487925]
- Divide both sides by 2260.487925
∴ d = $221.19
The annuity could provide $221.19 each month
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We are given eqaution: , where e the amount of euros and d is the value as U.S. Dollars.
We need to find number of euros for 1 U.S. Dollar.
Plugging d=1 in the given equation
We get
On simplfying , we get
Dividing 17 by 20, we get 0.85.
Therefore, there would be 0.85 euro have the same value as 1 U.S. Dollar.