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:
7
Step-by-step explanation:
It should be C
The sequence goes 2, 7, 17, 37
2 * 2 = 4 + 3 = 7
7 * 2 = 14 + 3 =17
17 * 2 = 34 + 3 =37
and so on.
YOU'RE WELCOME :D
Step-by-step explanation:
The formula for the circumference of a circle is 2*pi*radius
Circumference = 2(3.14)(2.1)
= 13.188cm
C) m∠5 + m∠6 =180°
D) m∠2 + m∠3 = m∠6
E) m∠2 + m∠3 + m∠5 = 180°
Step-by-step explanation:
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