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Gnom [1K]
2 years ago
14

Danny wants to buy a truck in 4 years. He is going to put away $2,500.00 into his savings account that will pay him 6.75% intere

st compounded monthly. How much will he have when he withdraws the funds to give a down payment? a $775.43 b $3,272.43 c $3,275.43 d $772.43
Mathematics
1 answer:
aniked [119]2 years ago
4 0

Answer:

b $3,272.43

Step-by-step explanation:

A = p(1+r/n)^nt

Where

A= future value

P= principal = $2500

r= interest rate = 6.75% = 0.0675

n = number of periods = 12

t = time = 4 years

A = p(1+r/n)^nt

= 2500(1+0.0675/12)^12*4

= 2500(1+0.005625)^48

= 2500(1.005625)^48

= 2500(1.3089737859257)

= 3272.4344648144

Approximately

A= $3272.43

He will have $3272.43 to give as down payment in 4 years

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Distance between points
D=\sqrt{(y2-y2)^2+(x2-x1)^2}
<span>
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D=√(-1-4)^2+(-3-5)^2
D=√25+64
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5 0
3 years ago
(c) The annual membership fee in 2013 is $198 for each adult and $75 for each child.
Serggg [28]

Answer:

i ) $96120

ii ) Singular adult fee in 2012: $186.91

Step-by-step explanation:

( i )

To find the costs of all 560 peoples you:

Multiply the amount of people by the fee,

440 × 198 = $87120

120 × 120 = $9000

Add these go get the sum of member fees: $96120

( ii )

First calculate what 1% of the adult fee would be:

198 ÷ 100 = 1.98 = 1%

Then calculate what 0.1% of the fee:

1.98  ÷ 10 = 0.198 = 0.1%

Now multiply 5 by the value of 1% to get 5% :

5 × 1.98 = 9.9

Then multiply 6 by the  0.1% to get 0.6% :

0.198 × 6 = 1.188

Add these numbers together to get:

1.188 + 9.9 = $11.088 = 5.6%

Due to the fact this question is referring to money we will round this number 2 decimal places (as money does not exceed 2dp)

$11.09

We now subtract this from the 2013 fee to find out the 2012 fee

$198 - $11.09 = $186.91

$186.91 was the cost of a singular adult fee in 2012

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2 years ago
I need help please?!!!!
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3 years ago
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-ax-20=-14
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2 years ago
Please help me with this math problem!! Will give brainliest!! :)
8090 [49]

Answer:

A. 17

B. 16

Step-by-step explanation:

F(5)

5 > 2 so you plug the 5 into 3x+2

F(-2)

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1 year ago
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