In the game of backgammon, you get to double how much you move if you roll “doubles" on two dice (that is: 1 and 1, 2 and 2, 3 a
1 answer:
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<u><em>Answer:</em></u>
The shorter leg is inches
<u><em>Explanation:</em></u>
The 30°-60°-90° is a special type of right-angled triangles
<u>It has the following special side length:</u>
The length of the side opposite to the 30° is the length of the hypotenuse
The length of the side opposite to the 60° is of the hypotenuse
<u>Now, we know that</u> the lengths of the sides in a triangle are proportional to the angles
<u>This means that</u> the shortest side will be the one opposite to the smallest angles
In our case, the shortest side will be the one opposite to the 30° angle
We are given that the hypotenuse of the triangle is in
<u>From the above:</u>
Shorter leg = leg opposite to 30° = inches
Hope this helps :)
Answer:
a) $161.8
b i) Approximately 327.7 hours
ii) The cost of saving is less but the opportunity cost of saving can be higher with regards to technology and regulation
Step-by-step explanation:
The amount Mary would like to save, FV = $10,000
The time Mary over which Mary intends to save the amount, t = 5 years
Therefore, the number of monthly payments, n = 12
a) The amount in interest the bank pays compounding, i = 1.2% per annum
The amount that Mary will deposit each month is given as follows;
The compound interest formula is given as follows;
Where;
PMT = The monthly payment
Therefore, we get;
PMT = 10,000/((1 + 0.012/12)^(60) - 1)/(0.012/12)) ≈ 161.8
The amount she needs to deposit monthly, PMT ≈ $161.8
b i) Given that the minimum wage varies and we have a minimum wage here is officially approximately $79, which is 160 hours a month work
The number of hours work needed = 161.8/79 × 160 ≈ 327.7 hours a month approximately
b ii) Given that the interest rate for saving is lower than the interest rate for borrowing, the amount paid by saving is much lesser than the amount paid back when borrowing, therefore, it is more cost effective to save
However, while saving, changes may take place, such as the use of what is being saved for, therefore, it can be more beneficial to borrow and make use of the items now while they are still available and acceptable, such as the drive towards net zero is making fuel based cars less popular with the drive being towards electric cars.