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3 years ago

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You have 24 months left until you graduate and you plan on buying yourself a new $20,000 car on graduation day. If you invest $3

00 a month for the next 24 months earning 4% a month - will you have enough money?A) NoB) Yes

1 answer:

shusha [124]3 years ago

3 0

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

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Answer:

The family of all prime numbers such that $a^{2} + b^{2} + c^{2} -1$ is a perfect square is represented by the following solution:

$a$ is an arbitrary prime number. (1)

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Step-by-step explanation:

From Algebra we know that a second order polynomial is a perfect square if and only if $(x+y)^{2} = x^{2} + 2\cdot x\cdot y + y^{2}$ . From statement, we must fulfill the following identity:

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By Associative and Commutative properties, we can reorganize the expression as follows:

$a^{2} + (b^{2}-1) + c^{2} = x^{2} + 2\cdot x \cdot y + y^{2}$ (1)

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From Number Theory, we remember that a number is prime if and only if is divisible both by 1 and by itself. Then, $a, b, c > 1$ . If $a$ , $b$ and $c$ are prime numbers, then $2\cdot a\cdot c$ must be an even composite number, which means that $a$ and $c$ can be either both odd numbers or a even number and a odd number. In the family of prime numbers, the only even number is 2.

In addition, $b$ must be a natural number, which means that:

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