We have been given that Tony wants to save $10000 in 6 years.
That means future value S = $10000
Time t= 6 years
Interest rate = 4% yearly = 0.04 yearly
n=12 months per year
Now we have to find monthly payment to recieve $10000 in 6 years. so we need to apply monthly payment formula which is
which is approx $123.
Hence final answer is C) $123.
Answer:
C
Step-by-step explanation:
C is the answer because a1=7 , d=-4 and so it's
an=an+(n-1)d
The first one is 11 and -11 because when you square them they both get 121
The second one is -7 and -1
You can set up a system of equations for this problem. x= number of coach tickets and y = number of first class tickets.
$210x + $1200y = $10,230 (cost of coach ticket plus cost of first class tickets is total budget)
x + y = 11 (number of coach tickets plus number of first class tickets is total number of people)
Solve the second equation for y to get y = 11 - x, then plug that into the first equation and solve for x:
$210x + $1200(11 - x) = $10,230
$210x + $13,200 - $1200x = $10,230
-$990x + $13,200 = $10,230
-$990x = $2,970
x = 3
Sarah bought x = 3 coach tickets. Plug that into the second equation and solve for y:
3 + y = 11
y = 8
Sarah bought y = 8 first class tickets.
