Answer: No, the money won't be enough to buy the car
Step-by-step explanation:
you plan on buying yourself a new $20,000 car on graduation day and graduation day is 24 months time. If you invest $300 a month for the next 24 months.
The principal amount, p = 300
He is earning 4% a month, it means that it was compounded once in four months. This also means that it was compounded quarterly. So
n = 4
The rate at which the principal was compounded is 4%. So
r = 4/100 = 0.04
It was compounded for a total of 24 months. This is equivalent to 2 years. So
n = 2
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount that would be compounded at the end of n years.
A = 300(1 + (0.04/4)/4)^4×2
A = 300(1 + 0.01)^8
A = 300(1.01)^8
A = $324.857
The total amount at the end of 24 months is below the cost of the car which is $20000. So he won't have enough money to buy the car
Answer:
Step-by-step explanation:
Area of triangle = 1/2 × Base × Height
Mr.Eastman drew triangle JKL,with a height of 12 inches and a base of 12 inches
Area of JKL = 1/2 × 12 inches × 12 inches
= 72 Square inches
triangle XLZ, with a height of 8 inches and a base of 16 inches. Which triangle has the greater area?
Answer:
20-12-6=2
Step-by-step explanation:
why is this in college math bruh
Hey there!
<h3>Guide: </h3>
- Negative & negative = positive
- Positive & negative = negative
- Positive & positive = positive
- Negative & positive = negative
<h3>So, far <u>in your particular question we’re doing</u> <u>positive</u> (7) <u>&</u> <u>negative</u> (-2) so <u>that means your</u> <u>result will most likely be a negative </u></h3><h3 />
<em>Now let’s answer your question, shall we </em>
<h2>7 • (-2) =
<em><u> -14</u></em> </h2>
Good luck on your assignment and enjoy your day!
~LoveYourselfFirst:)
Answer: D
Step-by-step explanation: start at y-axis and go over 5, down 1 since its a -1.
