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3 years ago

Please help me if you can. Please also write how you got the answer thank you.

Mathematics

2 answers:

Ray Of Light [21]3 years ago

6 0

Plan 2 will allow for fewer payments!

77julia77 [94]3 years ago

4 0

Answer:

Sunii will make 14 fewer montly payment payments with plan two.

Step-by-step explanation:

Plan one will take Sunii 24 months to pay off, we can know this by calculating by doing the formula, (total price= base payment/ monthy payment.) so in his case will have this.

Plan one: (750-150=600), then (600/25=24), so it will take Sunii 24 months to pay off his horse.

Plan two: (750-200=550), then (550/55=10), so it will take Sunii 10 months to pay off his horse.

Overall: The 24-10= 14 which would be the diffrence in time depending on th eplans.

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2 years ago

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2 years ago

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2 years ago

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What is <br><br> 0.3(−32.48−14.02)

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3 years ago

You have$560 in an account which pays 4.8% compounded annually. If you invest your money for 8 years, then how many dollars of i

SCORPION-xisa [38]

Answer:

$ 254.85

Step-by-step explanation:

Total amount invested = $ 560

Interest rate = r = 4.8% = 0.048

Time in years = t = 8 years

The formula for compound interest is:

$A =P(1+\frac{r}{n})^{nt}$

Here,

A is the total amount accumulated after t years. P is the amount invested initially and n is the compounding periods per year. Since in this case compounding is done annually, n will be 1. Using the values in the above formula, we get:

$A=560(1+\frac{0.048}{1})^{8} = \$ 814.85$

Thus, the total amount accumulated after 8 years will be $ 814.85

The amount of interest earned will be:

Interest = Amount Accumulated - Principal Amount

Interest = $ 814.85 - $ 560 = $ 254.85

By the end of 8 years, $ 254.85 would be earned in interest.

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3 years ago