The formula is
A=p (1+rt)
A cost of the car 13080
P amount deposited 12000
R interest rate 0.03
T time?
Solve for t
T=[(A/p)-1]÷r
T=((13,080÷12,000)−1)÷0.03
T=3 years
15/24
4 2/3=(4*3)+2/3=14/3
simply 15/24
15/3/24/3=5/8
refine
5/8*14/3
8 and 14 share a factor of 2
8/2=4
14/2=7
refine
5/4*7/3
5*7/4*3
35/12
convert to mixed number
35/12=2.11
2 11/12
the answer is 2 11/12
Answer:
20 % discount
Step-by-step explanation:
Lilian got 4 dollars off of the original price (20 - 16 = 4 )
4 / 20 * 100% = 20% off
Yes, I do. They are making large transactions without knowing if they will invest anything, and yes, while it is sometimes necessary to take risks, they are not thinking enough about the future and how if they make another mistake everything could go downhill. They also live in the lap of luxury, not cutting out a bit of the money which they w=could be using to repay the debts they owe.
Answer:
Jose ends up with more money with $59 more than Peter.
Step-by-step explanation:
To determine the amount they will have, you have to use the formula to calculate the future value:
FV=PV(1+r)^n
FV= future value
PV= present value
r= rate of interest
n= number of periods of time
-Peter:
FV=1,000*(1+0.04)^10
FV=1,000*1.48
FV=1,480
-Jose:
FV=900*(1+0.05)^11
FV=900*1.71
FV=1,539
Difference: $1,539-$1,480=$59
According to this, the answer is that Jose ends up with more money with $59 more than Peter.
