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:
If you mean a part to part ratio, this basically describes a ratio or relationship that compares two different groups.
Step-by-step explanation:
If you mean a part to part ratio, this basically describes a ratio or relationship that compares two different groups.
An example would be if I compared the number of dogs to cats in a house. If there were 10 dogs and 3 cats, I would write 10:3.
Hope this helped! God bless and stay safe :)
Answer:
87
Step-by-step explanation:
96-9=87
Answer:
29 cookies
Step-by-step explanation:
x=9,2x=18,3x+2=3(9)+2=29
4/9 x 21/6 is this what you’re asking?
If so the answer is 1 5/9
