Hey whats
2 answers:
You might be interested in
Answer:
$6,427.99
Step-by-step explanation:
-We first find the effective annual interest rate as follows:
#We the use this rate to find the compounded amount after 18 years:
Hence, the amount after 18 years is $6,427.99
Given:
$184500 are to be divided between 2 people.
One person has 80% of what the other person has.
To find:
The amount each one receive in $.
Solution:
Let $x be the amount received by first person. Then,
Amount received by the second person = 80% of x
= 0.80x
Total amount = Amount received by first person + by second person
=
=
Total amount is 184500. So,
So, the amount received by the first person is $102,500.
So, the amount received by the second person is $82,000.