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:
The answer to this equation is 8
Step-by-step explanation:
<u>First: Subtract</u>
meaning that 5 is greater than 4.
You still need another number to make it equal than or greater than or equal to five.
Since 5 minus 4 does equal 1
You need somewhere to divide it from to get 1 so you can add up the 4 to it and get the answer to the equation.
<u>Lastly: Divide</u>
Now, if you do 8/8 which equals 1, 1+4 = 5; Now everything is, <u>equaled</u> up!
<u>So in conclusion...</u>
Answer:
5.55%
Step-by-step explanation:
Hope this helped you
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Answer:
An odd number is one that is not divisible by 2, without a remainder.
A composite number has more than two factors.
Step-by-step explanation:
simple math
Answer:
f(-1) = -3
Step-by-step explanation:
(Assuming {2} is ^2)
f(-1) = 3(-1)² + 4(-1) - 2
= 3(1) - 4 - 2 = -3
