Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;

Therefore, it will take 88.2 months to accumulate the amount.
Answer:
yes 11000
Step-by-step explanation:
Answer:
4 hours
Step-by-step explanation:
Alright, so Steve has $50 in his pocket. He wants to rent a bike for the maximum amount of time possible with his money. It costs him $12 per hour to rent a bike.
To solve this problem use simple arithmetic:
($50/$12=4.16)
So Steve is able to rent the bike for 4.16 hours, but we aren't done yet. Steve cannot purchase 16% of an hour, he can only buy FULL hours, so with his $50 , the maximum amount of time he can buy is 4 hours!
Let me know if you need any further explanations :)
Answer:
x=2
Step-by-step explanation:
Answer:
3,000 people
Step-by-step explanation:
Total number of people larger stadium can hold equals 4.5 times
people,
which equals 45,000 people.
Now,
it is given that larger stadium can hold 15 times more people than small stadium .
So, smaller stadium will hold 15 times less people than the larger stadium ,
Which equals ,
= 3,000 people.
Thus ,
Smaller stadium can hold a total of 3,000 people.