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 $20000. So he won't have enough money to buy the car
Let’s use m for months
So,
1st service
10m + 20
1. 10 + 20 =30
2. 10x2=20+20=40
3.10x3=30+20=50
4.10x4=40+20=60
5.10x5=50+20=70
2nd service
11m + 15
1. 11+15=26
2. 11x2=22+15=37
3 11x3=33+15=48
4.11x4=44+15=59
5.11x5=55+15=70
So, the 5th month the services cost the same
Hope this helps! ;)
In order to make 119$ he would need to work 7 hours
8.10/2 + 2.3 = 46 total area is 46
The answer is c. 48 because angle 3 and 132 equals 180 because they are supplementary angles. So... 180 - 132 = 48 <—- angle 3