Scupper Molly invested $1,800 semiannually for 23 years at 8% interest compounded semiannually. What is the value of this annuit
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Answer:
27
Step-by-step explanation:
Lets find the rate of selling:
Let v= the rate of selling, b = number of bottles of water, and t = time:
b over t gives us the rate of selling:
3 hours is 60min * 3 = 180 mins, and since v=b/t, vt=b:
(0.15) * 180 = 27 bottles of water