Answer: Yes he will be
Step-by-step explanation:
To find out if Ted can afford the car, find the future value of $4,300 in three years.
First convert the number of years and rates to quarterly values as this is the compounding period:
Term = 3 * 4 quarters = 12 quarters
Rate = 5.5% / 4 = 1.375% per quarter
Future value = Amount * ( 1 + rate) ^ term
= 4,300 * ( 1 + 1.375%)¹²
= $5,065.69
<em>Considering that Ted makes $5,065.69 in 3 years, he will be able to buy a car that costs $4,700.</em>
Answer:
x=41
y=139
Step-by-step explanation:
x+y = 180 since they form a straight line
y is 3x +16
y = 3x +16
Replace y in the first equation
x+3x +16 = 180
Combine like terms
4x +16 = 180
Subtract 16 from each side
4x+16-16 =180-16
4x =164
Divide each side by 4
4x/4 =164/4
x = 41
y = 3x +16
y = 3*41 +16 = 123+16 =139
Answer:
The answer is 26
Step-by-step explanation:
Answer:
Alex's ride is $15.25
The equation to find this is
1.25m + 4 = cost
m = miles traveled
