Answer:
<h2>
$3448.81</h2>
Step-by-step explanation:
Using the compound interest formula to calculate the amount compounded after 10years.
P = principal = $2000
r = rate (in %) = 5.6%
t = time (in years) = 10years
n = 1year = time used in compounding
Amount compounded after 10 years is $3448.81
Answer:
2
Step-by-step explanation:
when you add 1 to 1, it equals 2
Answer:
C = pi * d = 2 * pi *r
Step-by-step explanation:
The circumference of a circle is the distance around the circle. It can be found by multiplying the diameter times pi.
C = pi * d
We can replace the diameter with twice the radius
C = pi * 2 * r = 2 * pi *r
Part A:
Given that <span>a dinette table with a cash price of $200 is purchased at $8.50 down and $11.00 per month for 24 months
The total installment price is given by
Part B:
The carrying charges is given by the total installation price minus the cash price.
From part a, we obtained that the total installation price is $272.50 and given that the cash price is $200.
Therefore, the carrying charges is given by
$272.50 - $200.00 = $72.00
Part C:
If the money is to be saved at $11 per month to be able to purchase the table at the cash price, the number of months it will take to be able to save $200 at $11 per month is given by
Therefore, it will take 19 months </span><span>to save the money at the monthly rate needed to buy the item for its cash price.</span>
