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:
x> 30
Step-by-step explanation:
+ First, is the inequation 3x - 52 > 28.
+ If Yes, so we can solve:
3x - 52 > 28
3x - 52 + 52 > 28 +52
3x > 90
3x/3 > 90/3 (divide both sides by 3>0)
x > 30
6+5=11+5=16+5=21
3+6=9+6=15+6=21
It will take Marco and Sophie 3 hours to get the same amount of money. The amount of money they will have will be $21.
Answer:
Step-by-step explanation:
1/4 x 2 = 2/4
2/4 simplified = 1/2
Answer:
6 i think
Step-by-step explanation: