Answer:
32
Step-by-step explanation:
Answer:
FV= $21,038.28
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $15,000
Interest rate (i)= 7% compounded annually
Number of periods (n)= 5
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 15,000*(1.07^5)
FV= $21,038.28
A )
3 j + 5 p = 7.60
j + 2 p = 2.90
B )
j = 2.90 - 2 p
3 ( 2.90 - 2 p ) + 5 p = 7.60
8.70 - 6 p + 5 p = 7.60
p = $1.10
j = 2.90 - 2.20
j<span> = $0.70</span>
C )
The bill for 1 glass of orange juice and 1 pancake special would be:
0.70 + 1.10 = $1.80