‘1 2 4 8 16’
my thinking is the numbers are squared.
Answer:
$25,000
Step-by-step explanation:
You already have 2,000 so all you need to do is get the other 2,000. So you would have to divide 7,000 by 100 which =70 then multiply it by 8 and you get 560. so times it by 4 you get 2,240 so he would need to sale about 28,000 to get 4240, but it a little over, so the answer to get $4000 is not perfect but the closest is $25,004 which is 7,000/100=70 x 3.5715 which will be $2,000.04.
The interest is 11.62% compounded monthly. Converting this to an effective rate:
i = (1 + 0.1162/12)^12 - 1
i = 0.1226
We use this formula to solve the problem:
455.96 = (23860(1.0811) + 1695 + 228 - C) [0.0811(1+0.0811)^3]/[(1+0.0811)^3 - 1]
Solving for C
C = 4413.13
The cost of her car was $4,413.13.
They multiplied 3 by itself 4 times, so it’s 3^4
