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
Answer:
Hello Love! Answer: 1, 2
Step-by-step explanation:
dilating by 1/2 is just a fancy way of saying divide the coordinates by 2 so 2÷2 = 1 and 4 ÷ 2 = 2
Hope this helps! Was doing this is math this week!
Answer:
<h3>
Therefore total amount of money that he got is = $(5+0.50x) [ x = number of correct math]</h3>
Step-by-step explanation:
Given, Gilberto's grandfather gives him $5 for his birthday and then$0.50 for each math he answers correctly on his math exam for the year.
Let , the number of math that he answers correctly on his his math exam for the year is x
Therefore he got = $(0.50× x) =$ 0.50x for doing correct math.
Therefore total amount of money that he got is = $(5+0.50x) [ x = number of correct math]
