Of the new cars in the car dealership, 12% are red. If they have 50 new cars in their lot, how many cars are red?
2 answers:
Answer:
6 red cars.
Step-by-step explanation:
So, we know that 12% <em>of</em> the new cars are red. There are 50 new cars.
The key word <em>of</em> tells us we need to multiply. So, to find out how many red cars are there, multiply 50 be 12%.
Remember that 12% is the same as 0.12. So:
Therefore, out of the 50 new cars, there are 6 red cars.
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Answer:
a. $ 2,431.01 = 4 years
b. $ 4,584.04 = 17 years
c. 4.57 years = $ 2,499.57
d. 8.3 year = $ 2,998.48
e. $ 2,431.01 = 4 years
Step-by-step explanation:
Compound Interest Equation
A = P(1 + r/n)nt
Where:
A = Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
R = Annual Nominal Interest Rate in percent
r = Annual Nominal Interest Rate as a decimal
r = R/100
t = Time Involved in years, 0.5 years is calculated as 6 months, etc.
n = number of compounding periods per unit t; at the END of each period
