Answer:
<em>1500(1.02)^x + 600x</em> is how much he has in savings at the end of x years where it be in the bank or elsewhere
Step-by-step explanation:
x is in years
Let's just think about the investment of 1500 in an account earning 2% per year.
Before the years even start, you are at 1500 ( present value).
The next year (year 1), it would be 1500*.02+1500=(1500)(1.02).
The next year (year 2), it would be 1500(1.02)(.02)+1500(1.02)=1500(1.02)(1.02).
We keep multiplying factors of (1.02) each time.
So for year x, you would have saved 1500(1.02)^x.
Now we are saving 50 cash per month. Per year this would be 12(50) since there are 12 months in a year. 12(50)=600.
So the first year you would have 600.
The second year you would have 600(2) or 1200.
The third year you would have 600(3) or 1800.
Let's put this together:
1500(1.02)^x + 600x
Answer:
9 and 12
Step-by-step explanation:
hope this helps.
Answer:
d = 115.4 mi
Step-by-step explanation:
Since it gives us the distance in between the locations, we simply label the distances:
From the Garbage to the Hotel is 58.3 miles.
From the Hotel to the Hardware Store is 57.1 miles.
We are trying to find the distance from the Garbage to the Hardware Store, we simply add the distances between:
58.3 mi + 57.1 mi = 115.4 mi
Answer:
80%
Step-by-step explanation:
out of 20, 1 would be 5%
4 = 20%
100% - 20% = 80%
