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
The range of the video games owned for the cluster is between 8 to 10.
Given
A group of children 6 to 10 years old were asked how many video games they owned.
The scatter plot shows the results.
<h3>What is the range?</h3>
The range is the difference between the lowest and highest numbers in a data set.
The range of video games owned for the cluster is 8 to 10.
Therefore,
The range of the video games owned for the cluster is;
Hence, the range of the video games owned for the cluster is between 8 to 10.
To know more about Range click the link given below.
brainly.com/question/8041076
Answer:
Step-by-step explanation:
I got you first you want to get some little ceasers
