Is one of the answer choices no solution because that’s what I got.
Answer: No, the money won't be enough to buy the car
Step-by-step explanation:
you plan on buying yourself a new $20,000 car on graduation day and graduation day is 24 months time. If you invest $300 a month for the next 24 months.
The principal amount, p = 300
He is earning 4% a month, it means that it was compounded once in four months. This also means that it was compounded quarterly. So
n = 4
The rate at which the principal was compounded is 4%. So
r = 4/100 = 0.04
It was compounded for a total of 24 months. This is equivalent to 2 years. So
n = 2
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount that would be compounded at the end of n years.
A = 300(1 + (0.04/4)/4)^4×2
A = 300(1 + 0.01)^8
A = 300(1.01)^8
A = $324.857
The total amount at the end of 24 months is below the cost of the car which is $20000. So he won't have enough money to buy the car
125 because it’s symmetrical between both
Answer:
make all the numbers have the same denominator, then simply see what multiplies to equal both fractions. your answer should be -3/10(1/5k+1)
Step-by-step explanation:
Answer:
if their asking for % then this is the answers
1. 41% of 900 is 369
2. 24%
3. 46%
4. 23%
5. 95%
6. 23%
7. 75%
8. 22%
9. 92%
10. 45%
