14.07 is the answer to the question above
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:
10* 299.99=2999.9
2999.9/100=29.999
this would round up to 30, so Brittany saved $30. : )
Answer:
8y^3 + 6y^2 - 29y + 15
Step-by-step explanation:
8y^3 + 12y^2 - 20y - 6y^2 - 9y + 15
then
8y^3 + 6y^2 - 29y + 15 is the product
Best regards
Pythagorean
Theorem as follows: A^2+B^2=C^2
