I'm assuming the funds earn 5% yearly?

Call x the amount he saves every year. The first year's deposit will be multiplied by 1.05 three times, the next will be multiplied by 1.05 twice, the third will be multiplied by 1.05 once, and the fourth will not generate interest (as it will immediately be used to buy the car).

Therefore, x(1.05^3+1.05^2+1.05+1)=21000, so 4.31x=21000. Dividing by 4.31, we see that x is approximately equal to 4872.

8 0

2 years ago

Lisa lives in Atlanta. She is going to a baseball game with her two sisters and her parents. They have $100 to spend. After they

9966 [12]

Not enough information. How much do the tickets cost?

4 0

2 years ago

Find the coordinates of the missing endpoint if m is the midpoint of ab. a(-9, -4) and m(-7, -2.5)

Julli [10]

Answer:

The coordinates of the point b are:

b(x₂, y₂) = (-5, -1)

Step-by-step explanation:

Given

As m is the midpoint, so

m(x, y) = m (-7, -2.5)

The other point a is given by

a(x₁, y₁) = a(-9, -4)

To determine

We need to determine the coordinates of the point b

= ?

Using the midpoint formula

$\left(x,\:y\right)=\left(\frac{x_2+x_1}{2},\:\:\frac{y_2+y_1}{2}\right)$

substituting (x, y) = (-7, -2.5), (x₁, y₁) = (-9, -4)

$\left(-7,\:-2.5\right)=\left(\frac{x_2+\left(-9\right)}{2},\:\:\frac{y_2+\left(-4\right)}{2}\right)$

Thus equvating,

Determining the x-coordinate of b

[x₂ + (-9)] / 2 = -7

x₂ + (-9) = -14

x₂ - 9 = -14

adding 9 to both sides

x₂ - 9 + 9 = -14 + 9

x₂ = -5

Determining the y-coordinate of b

[y₂ + (-4)] / 2 = -2.5

y₂ + (-4) = -2.5(2)

y₂ - 4 = -5

adding 4 to both sides

y₂ - 4 + 4 = -5 + 4

y₂ = -1

Therefore, the coordinates of the point b are:

b(x₂, y₂) = (-5, -1)

6 0

2 years ago