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:
-2
Step-by-step explanation:
24 - 4x =32
-4x =32 - 24
-4x=8
x=-8 :4
x=-2
Answer:
Step-by-step explanation:
The total amount of shrimp that was eaten was 12 pieces of shrimp.
To make the fraction you will simply put the amount of shrimp Jeremy ate over the total number of shrimp eaten by the pair.
Therefore, the fraction would look like this:
The decimal form of this would be 0.4167. Which also means that Jeremy ate 41.67% of the total amount of shrimp eaten.
Hope this helps!!
Answer:
In mathematics, a function from a set X to a set Y assigns to each element of X exactly one element of Y. The set X is called the domain of the function and the set Y is called the codomain of the function. Functions were originally the idealization of how a varying quantity depends on another quantity.
Step-by-step explanation:
