Answer:
$50
Step-by-step explanation:
12 x 30 = 360
960 - 360 = 600
600/12 = 50
Answer:
If the time passed is only 3 months, then it is $2040
Step-by-step explanation:
We can use the quarterly compounded interest equation for this problem: P(1 + r/n)^nt
Step 1: Find out how much 3 months is in a year
<em>In this case, 3/12 which is 1/4</em>
Step 2: Plug in known variables into equation
2000[1 + (0.08)/4)]^[(4)(1/4)]
Step 3: Solve/Plug in calc
You will get $2040
If the time passed in the problem is 1 year, then we can be able to solve how much money he earned per quarter. However, since only 3 months have elapsed, then he has only earned $2040.
Yes, he is correct. 0.003 * 10 = 0.03
The correct answer is 6 because if u do 6 x 4(24) then to check your answer do 24 divided by 4 it will be 6
