An apple-juice container has a tiny hole in it, so it is slowly leaking. If the container leaks three ounces every 19 minutes, how long will it take for the 16 ounces of juice in the container to leak

out? Write a proportional equation and solve with J.R.'s strategy of using a Giant One. 3 id

14

$3,485.48

Step-by-step explanation:

For computing the money required at the end of the account term we need to apply the Future value formula i.e be to shown in the attachment below:

Given that,  

Present value = $3,000

Rate of interest = 3% ÷ 365 days  = 0.00821917

NPER = 5 years × 365 days  = 1,825

PMT = $0

The formula is shown below:

= FV(Rate;NPER;PMT;PV;type)

So, after applying the above formula

the amount of future value is $3,485.48