Answer:
$11,200
Step-by-step explanation:
Just multiply the percent times the total
8% * 140000 = .08 * 140000 = 11200
Answer:
He needs to save 90.75
Step-by-step explanation:
Take the money the vacation will cost and divide it by the number of months in a year. 1,089 ÷ 12= 90.75
The correct answer is a= -2
Answer:
d) $8,100
Step-by-step explanation:
Given information:
- Money triples every 10 years
- Initial deposit = $100
- Number of years invested = 40 years
If the money triples (multiplies by 3) every 10 years,
then in 40 years time it will triple <u>4 times</u>, as 40 ÷ 10 = 4
⇒ Account balance after 40 years = $100 × 3 × 3 × 3 × 3
= $100 × 3⁴
= $8,100
<u>Proof</u>
In 10 years time the balance of the account will be:
$100 x 3 = $300
In another 10 years time, the balance of the account will be:
$300 x 3 = $900
In another 10 years time, the balance of the account will be:
$900 x 3 = $2700
In another 10 years time, the balance of the account will be:
$2700 x 3 = $8100
