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 $20000. So he won't have enough money to buy the car
Answer:
117
Step-by-step explanation:
The formula for a triangle is base times hight divided by two. So, 13 x 18 = 234, and 234/2 = 117
The formula is
A=pe^rt
A ?
P 3,278,000
E constant, it equals 2.7
R 0.003
T 2,021−2,015=6 years
A=3,278,000×e^(0.003×6)
A=3,337,538
Answer:
40$
Step-by-step explanation:
they have
20$
5%
40hours
i=prt
multiplication of both
=40×20×5/100
=40$
the amount required at the week is 40$
Answer:
ASA - Angle Side Angle, it creates two separate triangles that face each other in which makes it identified as an Angle Side Angle.
(Picture Placed Below)
Step-by-step explanation:
