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:
$108
Step-by-step explanation:
3X9= 27square foot. Then you multiply 27 by 4, which equals $108
Yes is is, is your area still there?
Answer:
X=2
Step-by-step explanation:
Using distributive property: 1/3(12x-24)=16
4x- 8=16
Using oposite oporations on both sides:
4x-8=16
4x+8=16-8
4x=8
8/4=2
x=2
can I have brainliest please
Answer:
no
Step-by-step explanation:
