A car drove 5 miles in 30 minutes. How far will the car go in 1 hour?
1 answer:
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Answer:
the value his child get after 25 years will be $84,314
Step-by-step explanation:
grandmother deposit = $ 7000
compounded interest monthly = 10%
for monthly compounded = 10/12 = 0.833%
time = 25 years = 25 × 12 = 300 months
compound interest =
hence the value his child get after 25 years will be $84,314