Miles is saving to buy a new car. He currently has $600 in his savings account. He plans on depositing $200 a month until he has
saved the $2000 he needs to buy a car. Rate change?
1 answer:
Answer:
7 months
Step-by-step explanation:
He plans on depositing $200 every month into the savings account that already has $600 in it.
We can represent the amount of money he will have after a certain number of months (x) as:
A = 600 + 200x
He needs to save $2000. Therefore, to find the months he needs to save, we need to find x when A is $2000:
2000 = 600 + 200x
200x = 2000 - 600
200x = 1400
x = 1400/200 = 7 months
He needs to save for 7 months.
You might be interested in
Answer:
C
Step-by-step explanation:
2.4% = 2.4/100 or as a decimal fraction 0.024.
Answer:
I think I'm doing this right?
Step-by-step explanation:
4.3
----
a. 4.3
b. 4.3
c. 4
Answer:
an = -3 · an - 1 where a1 = -1.
Step-by-step explanation:
The first term a1 = -1 and the common ratio is -3 so ecah term is formed form the previous one by multiplying by -3.
