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
I believe it is option 2, sorry if incorrect
Answer:
x = -7
Step-by-step explanation:
First we find the slope using
m = ( y2-y1)/(x2-x1)
= ( -8 - 5)/( -7 - -7)
= (-8-5)/(-7+7)
= -13/0
This means the slope is undefined and the line is vertical
Vertical lines are in the form
x= constant and the constant is the x value of the points
x = -7
Answer:
x=25
Step-by-step explanation:
43=2x-7 (since the midpoint separate a line into two equal halves)
43+7=2x
50/2=x
25=x
16/20
Simplified to 8/10
Again simplified to 4/5.
