The answer is 7.96226 or 8
Step-by-step explanation:
At least 24 times he need to deposit $ 50 to paying off his total purchase.
<h3>
What is Savings?</h3>
Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately.
Here, cost of mattress = $ 1399
cost of EMI = $ 78
Duration of EMI = 18 months
Total payable amount = 18 X 78
= $ 1404
Current account balance = $ 250
Per month savings = $ 50
Duration at which total balance is equivalent to payable amount
= (1404 - 250)/50
= 1154/50
= 23.08
Thus, At least 24 times he need to deposit $ 50 to paying off his total purchase.
Learn more about Savings from:
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Answer:
25 years
Step-by-step explanation:
Given data
Principal P= $2000
Interest rate r= 6%
FInal amount A=$5,000
The simple interest formula is given as
A=P(1+rt)
substitute and solve for t
5000=2000(1+0.06*t)
5000=2000+120t
5000-2000=120t
3000=120t
t= 3000/120
t= 25 years
Hence, for a simple interest investment, she will be 25 years
Answer:
This is the equation of a line with slope of 1 and the intercept point wit the 'y' axis is (0, 1.5)
Step-by-step explanation:
Lines have the following equation: y=mx+b, where 'm' is the slope and b is the interception with 'y' axis when 'x'=0
The attached pictures shows the equation of the line in a graph
The two angles are identical:
3x -7 = 2x + 7
Add 7 to both sides:
3x = 2x + 14
Subtract 2x from both sides:
X = 14