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
quester [9]
3 years ago
15

You decide to put $100 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate

of 2% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds? a. 170.202 years
b. 14.3129 years
c. 171.755 years
d. 168.354 years
Mathematics
1 answer:
saul85 [17]3 years ago
8 0
By using the formula: 

<span>FV = PV*(1+r/n)^(n*t)

</span><span>FV = 3000
PV = 100
 r = 0.02
 n = 12
t = ?</span>

Substituting the values of the variables, I got <span>a. 170.202 years. Hope that really helps. </span>
You might be interested in
A cone has a radius of 6 inches and a height of 20 inches. What is the exact volume of the cone? A) 720π in3 B) 80π in3 C) 240π
SIZIF [17.4K]
The answer is c. 240π
V=πr² h/3 =π×6²× 20/3 ≈753.98224
3 0
3 years ago
Read 2 more answers
Find the possibility of rolling even numbers three times, using a six-side die number from 1 to 6
seraphim [82]

Answer:

\frac{1}{8}

Step-by-step explanation:

Number of sides of die = 6

Number of sides with even numbers = 3

P( rolling an even number 1 time) = \frac{3}{6} = \frac{1}{2}

P(rolling even number 3 times) = \frac{1}{2} x \frac{1}{2}  x \frac{1}{2} = \frac{1}{8}

5 0
3 years ago
Please please i need help i will mark u brill
CaHeK987 [17]

\bf\green{7.8 \times c + 3.4 = 19} \\  \\   \bf\red{7.8 \times 2 + 3.4 = 19} \\  \\  \blue{\bf{15.6 + 3.4 = 19}} \\  \\  \bf   \red{\boxed{  \underline{\underline{\pink{  19 = 19}}}}}

Haha, very easy... :)

5 0
2 years ago
use the graph to write a linear function that relates y to x when the slope is 4/3 and the yint is 2​
lora16 [44]

Answer:

 y = 4/3x +2

Step-by-step explanation:

The graph crosses the y-axis at y=2, so that is the y-intercept.

The points have a rise of 4 units for each horizontal run of 3 units, so the slope is ...

 m = rise/run = 4/3

The slope-intercept equation for the line is ...

 y = mx +b . . . . . . line with slope m and y-intercept b

 y = 4/3x +2

Still stuck? Get 1-on-1 help from an expert tutor now.

7 0
2 years ago
James will need 180 cubic feet of concrete. The concrete mix delivery truck driver wants the order in cubic yards. How many cubi
ale4655 [162]
We determine the number of cubic yards that James need to order by converting the unit of measurement given in feet to yards. Every yard is composed of 3 feet. Thus, the solution would be,
       (180 ft)³ x (1 yd/ 3ft)³ = 6.67 yd³
Thus, James will have to order 6.67 yd³. 
4 0
3 years ago
Other questions:
  • Macky drank 6 bottles of water over 8 tennis practices. How much water did Macky drink each practice if she drank the same amoun
    9·1 answer
  • Rob has a 2-liter bottle of iced tea. He poured an equal amount of the iced tea into 8 containers. How many milliliters did Rob
    15·2 answers
  • With 30l of milk, we can make 8.4kg of
    15·1 answer
  • A bank is offering you an introductory credit card promotion. Your interest for the first year is 8%. But, at the beginning
    5·1 answer
  • Two lines intersecting at a right angle form
    13·2 answers
  • Find the median and mean of the data. Which reflects the best measure of the center?
    13·1 answer
  • WHat is the largest multiple of 5 that is less than 24
    8·1 answer
  • A basketball player made 70 out of 100 attempted free throws. What percent of free throws was made?
    8·2 answers
  • What is the answer to this question it is urgent
    14·2 answers
  • A line with a slope of -4 passes through the point
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!