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Minchanka [31]
3 years ago
10

Trevor is saving for a down payment to buy a house. The account earns 11.2% interest compounded monthly, and he wants to have $1

4,000 in 7 years.
What must his principal be? Round your answer to the nearest cent and do not include the dollar sign. Do not round at any other point in the solving process; only round your answer.
Mathematics
1 answer:
Anna71 [15]3 years ago
7 0

$1271.22

Step-by-step explanation:

You might be interested in
The cities Cleveland, Ohio; Erie, Pennsylvania; and Rochester, New York, in respective order, lie approximately in a straight li
Ann [662]

Answer:

  Erie to Rochester is 145 miles

Step-by-step explanation:

If we designate the points of interest as C, E, and R, we are told that ...

  CE + ER = CR . . . . . the various distances are segments of a straight line

For CE = 94 and CR = 239, we can fill in the given information and solve for ER.

  94 + ER = 239

  ER = 239 -94 . . . . . . subtract 94 from both sides of the equation

  ER = 145

The distance from Erie to Rochester is 145 miles.

7 0
3 years ago
PLEASE HELP ME: the ratio of cars to trucks on a highway at any given time is 12 to 8. If there are always more than 105 cars on
andre [41]

Answer:

70

Step-by-step explanation:

First, set up the ratio of c:t, which is 12:8. Then set up your new ratio of c:t, which is 105:?. The way I find the easiest is to divide 105 by 12, which is 8.75, then multiply that by 8, which is 70. To check if it's right, just divide 12 by 8, and 105 by 70, and if they're the same number, you've got it right.

Ps. I'm guessing you meant to ask the minimum number of trucks, not cars.

5 0
2 years ago
Martin uses 5/8 of a gallon of paint to cover 4/5 of a wall. What is the unit rate at which Martin paints in walls per gallon?
Tanya [424]
Remember, (a/b)/(c/d)=(a/b)(d/c)=(ad)/(bc)

so

walls per gallon
4/5 wall per 5/8 gallon
(4/5)/(5/8)
(4/5)(8/5)
32/25
1.28
the unit rate is 1.28 walls per gallon
3 0
3 years ago
A phone plan costs $29.99 per month and includes 200 minutes of calling time. Minutes over 200 are charged at a rate of 25 cents
mylen [45]

Step-by-step explanation:

357-200 is 157 extra minutes (we are only counting the extra minutes)

157*0.25 is 39.25 (this is how much is the extra minutes in total cost)

therefore, add 39.25 and 29.99

29.99+39.25 is 62.24

Therefore, the total bill was $62.24

hope this helps :)

Have a nice day !

5 0
4 years ago
A cleaning liquid cost 10 3/4 cents the ounce. what is the cost of a 32 ounce bottle?
Andrews [41]
$343 would be the cost
3 0
4 years ago
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