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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Second one...................
Answer:
Step-by-step explanation:
We know that for principal amount P , time period T and rate of interest 
, simple interest is given by 
.
Here ,
To find : simple interest rate i.e.,
On putting values of 
in formula , we get
Now we need to round off the answer to the nearest tenth .
So, simple interest rate is % = 
=
because its isosceles so 9+9=x²
and x equal
2√3
Answer:
20
Step-by-step explanation:
Riyas score = ( correct answer × mark) + ( incorrect answer × mark lost )
= ( 3× 10) + ( -1 ×10 )
= 30 -10
=20
