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Aloiza [94]
3 years ago
14

Mr. Smith Junior wishes to buy a used car in a year's time when he turns 18, and he is willing to spend $5,000. He plans to work

part-time and put all his monthly earnings into a bank account that will pay 0.5% interest per month. How much must he earn per month in order to be able to purchase the car in one year's time? The correct answer is $405.33 and not $430.33. How do we get to this?
Mathematics
1 answer:
ArbitrLikvidat [17]3 years ago
5 0
This will be a additional Price = $282.51 Time  to maturity = 10 years Annual payment = $50 <span>Rate of the Return = 12%   


                                      Hope This helps!</span>
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5. Mr. Rodriguez invests $2,000 in a savings plan. The savings account pays an annual interest rate of 5.75% on the amount he pu
slamgirl [31]

Answer: $1150

Step-by-step explanation:

Simple interest is calculated as:

= Principal × Rate × Time

where,

Principal = $2000

Rate = 5.75%

Time = 10

Interest = 2000 × 5.75% × 10

= 2000 × 0.0575 × 10

= 1150

The amount earned will be $1150.

4 0
3 years ago
How many times does 48 go into 80
anastassius [24]
1.666666666666667 to be exact, but rounded it is 1.66
3 0
3 years ago
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dezoksy [38]

Answer:

D. is correct!

Step-by-step explanation:

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7 0
3 years ago
What is the ratio 3:4 of 21?
docker41 [41]

3-----4

3-----4

3-----4

Total (Left): 9

Total (Right): 12

-------------------

Total (Left) + Total (Right) = 9 + 12 = 21

3 0
3 years ago
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Do all ratios compare a part to a whole number? Explain
STALIN [3.7K]
Yes and no... 

A ratio can be defined in a new ways. Let's say I have a party with twelve people, four of whom are male and eight of whom are female. The ratio of male to female guests would be written as 4:8, neither of which is the whole number (12) but which instead relate parts of the whole. I could alternatively write the ratio of male guests to total guests as 4/12. This does compare it to the whole. A ratio relates two quantities by showing how many times one quantity is contained within or contains another quantity.

By the phrasing of your question, I'm not sure if you maybe mean whole number as an integer. If that's the case, then yes, ratios are almost always written as integers. If I had something like 8.5:7, I would multiply it by two to get 17:14, which is a correct ratio.
4 0
4 years ago
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