Provided that Nikita is spending money that she had invested and the amount she collected over the period of 7 years. She can buy any item that costs no more than $2,560.00 but how?

It is a problem of simple interest:

Here the principal amount (P) = $2,000.00

Interest rate (r) = 4%

Time period (t) = 7 years

So, total amount that she would get by the end of 7 years is:

$A=P+SI$

$SI=\frac{P\times r\times t}{100}$

Plugging the values we get:

$SI=\frac{2000\times 4\times 7}{100}=560.00$

So the interest collected over 7 years is $560.00

Therefore, the total amount after 7 years is:

$\$2000.00+\$560.00=\$2,560.00$

If Nikita is using this money then the most expensive item that she could buy will cost no more than $2,560.00.

6 0

3 years ago

Factor 16p^4 - 24p^3.

shusha [124]

Answer:

8p^3(2p - 3) is the factor

Step-by-step explanation:

3 0

3 years ago

Suppose you toss a coin 100

Mademuasel [1]

I searched the answer up becuase I didn’t know how they got the number but I hope this helps

8 0

3 years ago

The sequence follows a minus 3 pattern: 12, 9, 6, 3, ....

hram777 [196]

X times -3= a
i think thats it

3 0

3 years ago