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Read the passage below, then answer each question. (3 marks)Mr. and Mrs. Gayle began a college nest egg account for their daughter, Samantha,which would mature on Samantha's eighteenth birthday. On or before the 30" day ofeach month, they were to deposit $7000 to the account. The bank would pay an interestof $100 each month, for exactly 5 years, according to the terms of the agreement. Theaccount has reached maturity and the Gayle's are now able to withdraw the funds.12. How old was Samantha when her parents started the account? |
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