Answer:
<em>1500(1.02)^x + 600x</em> is how much he has in savings at the end of x years where it be in the bank or elsewhere
Step-by-step explanation:
x is in years
Let's just think about the investment of 1500 in an account earning 2% per year.
Before the years even start, you are at 1500 ( present value).
The next year (year 1), it would be 1500*.02+1500=(1500)(1.02).
The next year (year 2), it would be 1500(1.02)(.02)+1500(1.02)=1500(1.02)(1.02).
We keep multiplying factors of (1.02) each time.
So for year x, you would have saved 1500(1.02)^x.
Now we are saving 50 cash per month. Per year this would be 12(50) since there are 12 months in a year. 12(50)=600.
So the first year you would have 600.
The second year you would have 600(2) or 1200.
The third year you would have 600(3) or 1800.
Let's put this together:
1500(1.02)^x + 600x
Answer:
2 ½ dollars
Step-by-step explanation:
You take half of 5 and that makes 2 ½
Answer:
b
Step-by-step explanation:
Studs is the answer to this question.
Vertical structural members are called Studs. This is the term which is used in construction. There are exterior and interior walls which are framed, these walls are known as bearing walls, and some are also non- bearing. Whenever there is foundation in a place, after the first floor deck these bearing walls are formed.
