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:
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Step-by-step explanation:
Answer:
First side is: 12cm
Second side is: 36cm
Third side is: 16cm
Step-by-step explanation:
Let x represent the shorter side
Then 3x represents the second side, and
x + 4 represents the third side.
Perimeter of three sides:
P = x + 3x + (x + 4)
Perimeter is 64, so
64 = x + 3x + (x + 4)
64 = 5x + 4
60 = 5x
12 = x
First side is x: 12cm
Second side is 3x: 3(12) = 36cm
Third side is x + 4: 12 + 4 = 16cm
Answer:
The first question:
x = -1
Step-by-step explanation:
Step 1 :
Pulling out like terms :
1.1 Pull out like factors :
-x - 1 = -1 • (x + 1)
Equation at the end of step 1 :
Step 2 :
Solving a Single Variable Equation :
2.1 Solve : -x-1 = 0
Add 1 to both sides of the equation :
-x = 1
Multiply both sides of the equation by (-1) : x = -1
One solution was found :
x = -1
Processing ends successfully
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