Answer:
$3,015
Step-by-step explanation:
To determine the amount that you will have in 6 years, you have to use the formula to calculate the future value:
FV=PV*(1+i)^n
FV= future value
PV= present value= $1,900
i= interest rate= 8%
n= number of periods of time= 6 years
FV=1,900*(1+0.08)^6
FV=1,900*(1.08)^6
FV=3,015
According to this, the answer is that in 6 years you will have $3,015 in your retirement account.
Answer:
21 weeks
Step-by-step explanation:
In this question, we are to use proportionality to find the solution to the question.
We were made to know that the time taken to build the highway is varied directly with the length and inversely with the number of workers.
Let us make a mathematical representation for this.
Let the time be t, number of workers be w and length be l
t is directly proportional to l and inversely proportional to w
Mathematically;
t = kl/w
Where k is the constant of proportionality.
Let’s find the value of k
150 workers built 12 miles of highway in 14 weeks ; plug these in the equation to get k
14 = k * 12/150
k = 150 * 14/12 = 175
Now we want to get t given w and l
from ;
t = kl/w
We can get t; where l = 15 and w = 125
t = 175 * 15/125
t = 21 weeks
Answer:
After 5 minutes of hitting my head on a wall I found your answer... 3256
Step-by-step explanation:
