The initial amount is 4800 and 300 is taken out each month..u will first start by saying how many months are they in a year,12 months...
u will take 12 multiplied by 300 in which u will obtain,3600 and the remaining balance will be 4800 -3600=1200.
u will later on say in 12 months his remaining balance will be 1200,and how many months will be there if his balance will be 1500.
12 months =1200
what about 1500 =15months
The answer to your problem is D:86
This is easy just find out what 5^2 equals which will be 5x5=25 (when dealing with a squared number you will always times it by itself. so if you had 10^2 it would be 100.) so now that we know 5^2 is 25 we then can add the 20 which gets 25+20=45! Hope this helps!
Answer:
The way to find the area of a shape is to multiply its hieght by its width.
Step-by-step explanation:
The formula to calculate a circles radius is A = π
You will need to deposit $ 10,957 each year until retirement to achieve your retirement goals.
<h3>What is compound interest, and how does it work?</h3>
Compound interest is computed on a loan or deposit based on the starting principle and the preceding period's accrued interest.
Principal(P)=$40,000
(Time period)T=25+15 = 40 year
R=8%
The final balance is $273,938.99 and the total compound interest is $233,938.99.
The amount he has to deposit each year is found as;
⇒$273,938.99/25
⇒ $ 10,957
Hence. you will need to deposit $ 10,957 each year until retirement to achieve your retirement goals.
To learn more about compound interest, refer to brainly.com/question/14295570
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