A basketball player scored 24 points in 30 minutes. At this rate how many points will the basketball player be able to score in
2 answers:
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Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;
Therefore, it will take 88.2 months to accumulate the amount.
Answer:
Step-by-step explanation:
Start with:
Distribute the into
:
Combine like terms:
Add to both sides of the equation:
Subtract from both sides of the equation:
Divide both sides of the equation by the coefficient of , which is
:
or