I think the answer is truth because normally you have to be a certain age to get the money in a savings account
Answer: 5/4
Explanation:
We have the same denominator so we can just add the numerator.
= 6/8 + 4/8
=10/8
10/8 can be simplified
=5/4
To solve this you need to know Pythagorean theorem.
First, EG is 24, so the halfway points are 12. Knowing Pythagorean triples, you can use 5,12,13 and 12,16,20.
DF = 5+16
DF = 21
If you don't know Pythagorean triples, I have worked it out on the image attached.
Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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