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
I'm not sure if this is the right answer, but here goes nothing. To find the amount of money you would make in one day, you have to multiply 1.10 times 1 penny (because you want to add .10 AND the penny) then you multiply that by 365 for how much you make in a year which is 401.5 then multiply that by 35 years, and you get 14052.5. Sorry if that's wrong! Good luck!
Answer:
3/4
Step-by-step explanation:
tan A =opposite/adjacent = 6/8 =3/4
Hope this helps
Have a good day
Answer is C. Definitely not d right off the bat because both exponents are negative so cross that out. After that its just counting zeros.
