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:
total amount paid = $ 22.9
Step-by-step explanation:
total price = $ 2.5 + $3.4(6)= $22.9
Answer:
6y+3xy
Step-by-step explanation:
You can combine the y's together to get this answer
Answer:
what
Step-by-step explanation:
The scatterplot shown includes the (blue) least-squares regression line, whose equation is y = .975 + .005x, where y is calories (in thousands) and x is years after 1960. Choose the correct statement.
Answer: In the given regression equation, the calories are in thousands. Therefore, the slope 0.005 (0.005 x 1000 =5 calories) means the consumption is increasing at a rate of 5 calories per year.
Hence the option a. Consumption is increasing at a rate of 5 calories per year. is correct