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]
4 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]4 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
sally bought a 5 pound bag of sugar and used 3 9/16 pounds making candy. How much sugar does she have left?
trasher [3.6K]
5 - 3 9/16 - setup
1 7/16 cups left - simplification
7 0
3 years ago
What does 15x+35 equal
____ [38]
<span>15x+35 = 5(3x + 7)

hope that helps</span>
7 0
3 years ago
Solve: 3x+y=6<br> 4x-2y=18<br><br> show all work pls!!!
olasank [31]

Answer:

x = 3 and y = -3

Step-by-step explanation:

To start, let's double the first equation to get 6x + 2y = 12. Add this to the second equation to get 10x = 30, so x = 3 and y = -3.

3 0
4 years ago
which of the following is the correct point-slope equation for the line that passes through the point (2, -5) and is parallel to
lord [1]

Answer:

Step-by-step explanation:

y + 5 = -4(x - 2)

the answer is A

3 0
3 years ago
A disadvantage of the contention approach for LANs, such as CSMA/CD, is the capacity wasted due to multiple stations attempting
sammy [17]

Answer:

The overview of the given problem is outlined in the following segment on the explanation.

Step-by-step explanation:

The proportion of slots or positions that have been missed due to numerous concurrent transmission incidents can be estimated as follows:

Checking a probability of transmitting becomes "p".

After considering two or even more attempts, we get

Slot fraction wasted,

= [1-no \ attempt \ probability-first \ attempt \ probability-second \ attempt \ probability+...]

On putting the values, we get

= 1-no \ attempt \ probability-[N\times P\times probability \ of \ attempts]

= 1-(1-P)^{N}-N[P(1-P)^{N}]

So that the above seems to be the right answer.

8 0
4 years ago
Other questions:
  • In parallelogram KLMN, KN = 10, MN = 7 and mK = 50°
    12·2 answers
  • Fill in the blank. tripling the radius of a sphere increases the surface area by a factor of ___________.
    7·1 answer
  • What is a hypothesis in statistics?
    13·1 answer
  • Need help with 6÷4,477
    5·2 answers
  • Parker was able to pay for 60% of his college tuition with his scholarship. The remaining $10,000 he paid for with a student loa
    14·2 answers
  • you are using a taxi cab company that charges a flat fee of $5.00 and an additional $0.50 per mile. Let x represent the number o
    8·1 answer
  • Find the sum. 15 + (−15)
    11·2 answers
  • Is it easier to find the x-intercept of the graph of the equations using slope-intercept or standard form? Explain.
    10·1 answer
  • 656 rounded to the nearest hundreds place then divided by 80?​
    7·2 answers
  • 888 divided by 8 and<br>574 divided by 7<br>​
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!