The difference of Ellen’s age and her sister Mary’s age is 4 years. Ellen is 5 years less than twice Mary’s age.
2 answers:
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Given:
• Amount to save, A = $28,000
,• Time, t = 6 years
,• Interest rate, r = 5.3% ==> 0.053
,• Number of times compounded = quarterly = 4 times
Let's find the amount that must be deposited into the account quarterly.
Apply the formula:
Where:
FV is the future value = $28,000
r = 0.053
n = 4
t = 6 years
Thus, we have:
Let's solve for P.
We have:
Solving further:
Divide both sides by 28.0384237:
Therefore, the amount that must be deposited quarterly into the account is $998.60
ANSWER:
$998.60
Answer: Length of shorter side is 2.8 cm.
Explanation:
Since we have given that
Dimensions of a room are given by
On a plan, the longer side = 4 cm
As we know that the ratio of original room is equal to ratio of plan room
So,
So, length of shorter side is 2.8 cm.