To determine the future value of an initial amount of $845 at an interest rate of 11.3% over 7 years, we will utilize the compound interest formula, which is expressed as:
A=p(1+r/100)^n
where:
A=future value
r=rate=11.3%=0.113
time=7 years
Hence, the future value of the capital will be:
A=845(1+0.113)^7
A=845(1.113)^7
A=$1,787.82
The answer is 120 days. Canteen A serves every 12 days, canteen B every 8 days, and canteen C every 10 days. To determine when they will all serve food simultaneously again, we need to find the least common multiple of these intervals. The least common multiple of 12, 8, and 10 is 120 days. Therefore, all three canteens will serve soup together again in 120 days.
