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Ksivusya [100]
3 years ago
15

Which situation is best met through long-term saving?

Mathematics
1 answer:
Masja [62]3 years ago
7 0
An unexpected medical bill I’m pretty sure
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If a city that currently has a population of 1000 triples in size every 8 years, what will the population be in 24 years? Is the
Brilliant_brown [7]
For this case we have a function of the form:
 y = A * (b) ^ t
 Where,
 A: initial amount
 b: growth rate
 t: time
 Substituting values we have:
 y = 1000 * (3) ^ ((1/8) * t)
 For 24 years we have:
 y = 1000 * (3) ^ ((1/8) * 24)
 y = 27000
 Answer:
 
D) 27,000; exponential
7 0
3 years ago
Read 2 more answers
Which number is less than 22,874?
monitta

Answer:

A. 2.18 × 10^4

Step-by-step explanation:

2.18 × 10^4

10^4 = 10000

2.18 × 10000 = 21800 which is less than 22874

3 0
2 years ago
There are 28 students in a class. 13 of the students are boys. Two students from the class are chosen at random. a) If the first
Luba_88 [7]

Answer:

Step-by-step explanation:

3 0
2 years ago
You plan on financing a new road bike for $2,500. The bike shop offers a 13.5% APR for a 24 month loan. Use this information, an
Mila [183]
This question can be approached using the present value of annuity formula. The present value of annuity is given by PV=P\left( \frac{1-\left(1+ \frac{r}{t} \right)^{-nt}}{ \frac{r}{t} } \right), where: PV is the present value/amount of the loan, P is the periodic (monthly in this case) payment, r is the APR, t is the number of payments in one year and n is the number of years.

Given that the<span> financing is for a new road bike of $2,500 and that the bike shop offers a 13.5% APR for a 24 month loan.

Thus, PV = $2,500; r = 13.5% = 0.135; t = 12 payments (since payment is made monthly); n = 2 years (i.e. 24 months)

Thus,

</span>2500=P\left( \frac{1-\left(1+ \frac{0.135}{12} \right)^{-2\times12}}{ \frac{0.135}{12} } \right) \\  \\ =P\left( \frac{1-\left(1+ 0.01125 \right)^{-24}}{ 0.01125 } \right)=P\left( \frac{1-\left(1.01125 \right)^{-24}}{ 0.01125 } \right) \\  \\ =P\left( \frac{1-0.764531}{ 0.01125 } \right)=P\left( \frac{0.235469}{ 0.01125 } \right)=20.9306P \\  \\ \Rightarrow P= \frac{2500}{20.9306} =119.44
<span>
Therefore, his monthly payment is $119.44</span>
6 0
3 years ago
Help on this please on 16
timama [110]

Answer:

Step-by-step explanation:B

8 0
2 years ago
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