1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rodikova [14]
3 years ago
9

You need $20,000 to make a down payment on a house. Your beginning balance in your checking account this month was $5,678. Your

ending balance was $6,324. Assuming your account balance continues to grow at the same rate, how long until you have enough money to make the down payment?
Mathematics
1 answer:
Kamila [148]3 years ago
6 0

22.1649 months

Step-by-step explanation:

We begin by calculating the interest accruing to the principal amount in the bank account;

$6,324 - $5,678

= $646

646/5678 * 100

= 11.38 % pm

Now that know the interest rate, we calculate the amount of time it will take to accrue to $20,000

A = P(1 + rt)

Where:

   A = Total Accrued Amount (principal + interest)

   P = Principal Amount

   r = Rate of Interest per year in decimal; r = R/100

   t = Time Period involved in months or years

20000 = 5678 (1 + 0.1138t)

20000 = 5678 + 646.1564t

20000 – 5678 = 646.1564t

14,322 = 646.1564t

t = 14,322/646.1564

t = 22.1649

You might be interested in
How do you find x and y?
alexandr1967 [171]
Y=180-111=69
x=360-123-70-69=98
That's your answer.
7 0
3 years ago
The fraction form of -1.6 is
makkiz [27]

Answer:

-1  2/3

Step-by-step explanation:

8 0
3 years ago
Jeff wants to spend at most $89 on his mom's birthday gifts. He already bought her a
Andrew [12]

The Inequality representing money she can still spend on her friend birthday gift is .

Jordan can still spend at most $30 on her friends birthday gift.

Step-by-step explanation:

Given:

Total money need to spend at most = $45

Money spent on Yoga ball = $15

We need to find how much money she can still spend on her friend birthday gift.

Solution:

Let the money she can still spend on her friend birthday gift be 'x'.

So we can say that;

Money spent on Yoga ball plus money she can still spend on her friend birthday gift should be less than or equal to Total money need to spend.

framing in equation form we get;

The Inequality representing money she can still spend on her friend birthday gift is .

On solving the the above Inequality we get;

we will subtract both side by 15 using subtraction property of Inequality.

Hence Jordan can still spend at most $30 on her friends birthday gift.

4 0
2 years ago
Help please I’m struggling
lina2011 [118]
34-6=28
The correct answer is 28
4 0
3 years ago
Read 2 more answers
What is the area of the triangle below? <br> 8 in.<br> 17 in.
zmey [24]

Answer:

68

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • F(x)=2x-3 what is the value of f(x) when x is-5
    9·1 answer
  • Use properties find the sum or product of 93+(68+7)
    13·2 answers
  • the larger of two numbers is eight more than the smaller number. their sum is twenty-two. find the number
    5·1 answer
  • (Will give brainliest) Is my answer correct?? If not please correct me
    11·1 answer
  • Drag each expression to show whether it can be used to find the volume, surface area, or neither.
    10·2 answers
  • What is the rule for the reflection?
    15·2 answers
  • Dalia bought a few swirl marbles and divided it equally among four of her friends and her brother,Jake. While playing,Jake lost
    12·1 answer
  • What is equivalent to -36 -8
    14·1 answer
  • Answer for the points<br> 6 − (9 − 2) + 3 × 6
    13·1 answer
  • What is the scale factor of a drawing if the scale is 1 inch equals 4 feet
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!