Answer: $7787.99
Step-by-step explanation:
We know that the formula to find the periodic payment on an annuity is given by :-
, where PV is the present value , r is the rate of interest ( in decimal ) and n is the number of payments.
Given : Present value : $36000
Rate of interest = 8%=0.08
Time period = 6 years
Then , the periodic payment will be :-
Hence, the payment size is $7787.99.
X + (x + 2) + ( x + 4) + (x + 6)
----------------------------------- = 15
4
4x + 12
--------- = 15
4
Multiply by 4 on both sides
4x + 12 = 60
subtract 12 from both sides
4x = 48
divide by 4 on each side
x = 12
x + 2 = 14
x + 4 = 16
x + 6 = 18
You have to cut them into forth sized pieces. Each of 16 friends will get 1/4 of a cupcake.
Answer:
64%
Step-by-step explanation:
:)
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