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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>
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B) Using the two point above find the slope using the formula m =
12345 [234]

The linear equations are y - 25 = 0.89(x - 20) and y  = 0.89x + 7.2

<h3>The slope of the line</h3>

The complete question is added as an attachment

The two points from the graph are (20, 25) and (38, 41)

The slope of the line is calculated using

m = (y2 - y1)/(x2 - x1)

Substitute the known values in the above equation

m = (41 - 25)/(38 - 20)

Evaluate

m =0.89

<h3>The linear equation in point slope form</h3>

This is calculated as:

y - y1 = m(x - x1)

Substitute the known values in the above equation

y - 25 = 0.89 * (x - 20)

Evaluate

y - 25 = 0.89(x - 20)

<h3>The linear equation in slope-intercept form</h3>

We have:

y - 25 = 0.89(x - 20)

Expand

y - 25 = 0.89x - 17.8

Add 25 to both sides

y  = 0.89x + 7.2

Hence, the linear equations are y - 25 = 0.89(x - 20) and y  = 0.89x + 7.2

Read more about linear equations at:

brainly.com/question/4025726

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5 0
1 year ago
What is the 20th term of the linear sequence below?
myrzilka [38]

Answer:

plz like and rate

Step-by-step explanation:

Find the nth term of this number sequence.

2 8 14 20 26

Again write the numbers 1 to 5 above the numbers in the sequence, and leave a spare line again.

n 1 2 3 4 5 (1st row)

(2nd row)

2 8 14 20 26 (3rd row)

Since the sequence is going up by 6, write down your multiples of 6 on the 2nd row.

n 1 2 3 4 5 (1st row)

6n 6 12 18 24 30 (2nd row)

2 8 14 20 26 (3rd row)

Now, to get the numbers in the 3rd row from the 2nd row take off 4.

So, to get from the position numbers (n) to the numbers in the sequence you have to times the position numbers by 6 and take off 4.

Therefore, the nth term = 6n – 4

5 0
3 years ago
The number of adults who attend a county fair (measured in hundreds of people) is represented by the function a(d)=−0.3d2+4d+9 ,
Lesechka [4]

Given is the function for number of adults who visit fair at day 'd' after its opening, a(d) = −0.3d² + 4d + 9.

Given is the function for number of children who visit fair at day 'd' after its opening, c(d) = −0.2d² + 5d + 11.  

Any function f(d) to find excess of children more than adults can be written as follows :-  

f(d) = c(d) - a(d).

⇒ f(d) = (−0.2d² + 5d + 11) - (−0.3d² + 4d + 9)

⇒ f(d) = -0.2d² + 0.3d² + 5d - 4d + 11 - 9

⇒ f(d) = 0.1d² + d + 2

6 0
2 years ago
Read 2 more answers
The cost of 28 pounds horse feed is 63.28 what is the per pound of horse feed
Bas_tet [7]
$2.26 pounds of horse feed
8 0
3 years ago
Please help! Will mark brainiest!!!!
brilliants [131]

Answer:

This is the alternate exterior angle theorem

Step-by-step explanation:

This is because angle 2 and angle 7 are in the <u>outer</u> part of each side of opposite lines

8 0
3 years ago
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