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:
y = V x2 +2 over 5
Step-by-step explanation:
Answer:
m∠A = 59°
Step-by-step explanation:
Supplementary angles mean that, when the two are combined, their total measurement will equal 180°.
It is given that one of the angles is 121°. Subtract 121 from 180:
180 - 121 = 59
m∠A = 59°
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He can count and there is 6.5 blocks between his house and the park
According to the priority level of their service level packages and problems,the technician visit the customers visits in the following order.
1) Platinum service level
2) Gold Service level
3) <span>Silver service level
4) Bronze service level
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