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:
Yes it is is 392.9 m^3
Step-by-step explanation:
Volume of cylinder is π*r^2*h, π times radius squared times height.
Since the diameter is 5.2, the radius is 2.6 (half of it). 2.6^2 = 6.76, and the height is 18.5, 6.76*18.5 = 125.06. Multiply it by pi to get 392.887577258, round it to 392.9, The volume is 392.9 cubic meters.
Each friend will get 4 carrots. Add up 7,5,4,1,3 and divide by 5
Answer:
your answer will be 8
Step-by-step explanation:
thank you!!
Answer:
32
Step-by-step explanation:
