Jane, Andre, and Maria pick apples. Andre picks three times as many pounds as Maria. Jane picks two times as many pounds as Andr
e. The total weight of the apples is 840 pounds. How many pounds of apples does Andre pick?
1 answer:
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Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
<h3>Compound interest</h3>Compound interest is given by:
where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period
Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:
Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
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