P=present value
F=future value=500
n=number of years=2
i=annual interest rate=3%
We have
F=P(1+i)^n
=>
P=F/(1+i)^n
=500/(1.03^2)
= 471.30 to the nearest cent
C- To summarize the main point of the paragraph
Answer:
210
Explanation:
- The number of race cars = N₁ = 3
- The number of gasoline brands = N₂ = 5
- The number of test sites = N₃ = 7
- The number of drivers that participated = N₄ = 2
This study must include each N₁, and it has to be done at each N₃, using each N₂, while carried out by each N₄ ⇒ that means that the total number of possibilities:
N₁ x N₃ x N₂ x N₄ = 3 x 7 x 5 x 2 = 210
The total number of test runs is 210.
