Answer:
Fred would take 33 days to save $ 70.95.
Step-by-step explanation:
The number of days () is directly proportional to the quantity of money saved (
), in monetary units, then we can calculate the time taken to save $ 70.95 by simple rule of three:
Fred would take 33 days to save $ 70.95.
$390 is the interest will Charlie’s initial investment earn over the 15-year period. The money does Charlie have after the 15 years is $715.
<u>Step-by-step explanation:</u>
Harlie invests $325 in an account.
<u>The formula to find the interest will Charlie’s initial investment earn over the 15-year period :</u>
⇒ <u></u>
⇒
⇒
Therefore, $390 is the interest will Charlie’s initial investment earn over the 15-year period.
<u>Money Charlie has after 15 years :</u>
It is given by the formula,
⇒ Amount = Principal + Interest.
⇒ 325 + 390
⇒ 715 dollars.
∴ The money does Charlie have after the 15 years is $715.