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kupik [55]
3 years ago
13

Which of the following statements is true?

Mathematics
1 answer:
andrezito [222]3 years ago
3 0
The correct answer is C.


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Tony wants to save $10,000 in 6 years. Assuming a 4% interest rate, what is the minimum he must save each month to reach his goa
arlik [135]

We have been given that Tony wants to save $10000 in 6 years.

That means future value S = $10000

Time t= 6 years

Interest rate = 4% yearly = 0.04 yearly

n=12 months per year

Now we have to find monthly payment to recieve $10000 in 6 years. so we need to apply monthly payment formula which is

S=R(\frac{(1+\frac{r}{n})^{nt}-1}{\frac{r}{n}})

10000=R(\frac{(1+\frac{0.04}{12})^{12*6}-1}{\frac{0.04}{12}})

10000=R(\frac{(1+0.00333333333333)^{72}-1}{0.00333333333333})

10000=R(\frac{(1.00333333333333)^{72}-1}{0.00333333333333})

10000=R(\frac{1.27074187908-1}{0.00333333333333})

10000=R(\frac{0.27074187908}{0.00333333333333})

10000=R(81.2225637241)

\frac{10000}{81.2225637241}=R

123.11849739=R

which is approx $123.

Hence final answer is C) $123.

4 0
3 years ago
Rewrite the following equation in exponential form.
ira [324]

Answer:

5² = 25

Step-by-step explanation:

log5 25 = 2

log(b) (x) = (y)

make b^(y) = (x)

5² = 25

I hope this helps!

5 0
2 years ago
What is the slope of the line that goes through (-5,5) and (5,-7)
ludmilkaskok [199]

Answer:

A. -1/5

Step-by-step explanation:

-7-(-5) /5-(-5)

= -7+5 / 5+5

= -2/10

-1/5 option A

8 0
3 years ago
Read 2 more answers
A square postage stamp has area 1240 mm^2 about how long is each side?
Shtirlitz [24]
Sq.root of 1240 is approx 35 mm
6 0
3 years ago
If 2×2=4 and 4×4=8. What is 8×8?​
Oxana [17]

Answer:

64

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
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