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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Answer:
Step-by-step explanation:
subtract llol
first 1
x . y
1 . 2
3 . 4 rewrite =y/x
2-4/1-3
-2/2=-1
do for the rest bye
Let a = speed of the plane A, and b = speed of plane B.
(Assume that the net effect of the wind is negligible.)
From the first sentence, the distance between A and B after each travels for 1 hour is a + b miles. From the second sentence, after 45 minutes, or 0.75 hour, the distance between A and B is 200 miles. Plane a has traveled 0.75a, while plane B has traveled 0.75b.
Hence a + b = 0.75a + 0.75b +200
==> 0.25(a + b) = 200.
==> a + b = 800.
Therefore planes A and B are 800 miles apart now.
Cost of each bags of flour = $2.50
Cost of each bags of butter = $3.75
Solution:
Let f be the bags of flour and b be the pounds of butter.
Cost of 20 bags of flour 16 pound of butter = 110
⇒ 20f + 16b = 110 -------------------- (1)
Cost of 30 bags of flour 12 pound of butter = 120
⇒ 30f + 12b = 120 -------------------- (2)
Equation (1) and (2) are the system of equations.
(2) ⇒ 30f + 12b = 120
Subtract 30f from both sides.
⇒ 12b = 120 – 30f
Divide by 12 on both sides.
-------------------- (3)
Substitute (3) in (1).
Subtract 160 from both sides.
Divide by –20, we get
f = 2.50
Substitute f = 2.5 in equation (3), we get
b = 3.75
Cost of each bags of flour = $2.50
Cost of each bags of butter = $3.75
