A man wishes to keep some money in savings de-
posit at 25% compound interest so that after 3
years he can buy a car for N150000. How much
does he need to deposit now? ​

Answers

Answer 1

Answer:

He needs to deposit N76800 now.

Step-by-step explanation:

The amount of money is compound interest after t years is given by:

[tex]P(t) = P(0)(1+r)^t[/tex]

In which P(0) is the initial amount of money invested and r is the interest rate, as a decimal.

25% compound interest so that after 3 years to buy a car for N150000.

This means that:

[tex]t = 3, P(t) = 150000, r = 0.25[/tex]. So

[tex]P(t) = P(0)(1+r)^t[/tex]

[tex]P(t) = P(0)(1+0.25)^t[/tex]

[tex]P(t) = P(0)(1.25)^t[/tex]

[tex]150000 = P(0)(1.25)^3[/tex]

[tex]P(0) = \frac{150000}{(1.25)^3}[/tex]

[tex]P(0) = 76800[/tex]

He needs to deposit N76800 now.


Related Questions

A car originally priced at 58,900 is on sale at 15% off if the sales tax rate is 8.29%, what is the sale price of the can

Answers

Answer:

Your answer is 54,215( About)

Hope that this is helpful. Tap the crown button, Like & Follow me

Carlos drew a rectangle that
had a length of 9 inches and a
width of 4 inches.
Find the Area:
Find the Perimeter:
Find the Product.

Answers

Answer:

Area: 36 inches

Perimeter: 26 inches

Step-by-step explanation:

:)

Answer:

the area is 36 inches

the perimeter is 26 inches

the product is 132

Step-by-step explanation:

Area is length times width so.....

9×4=36

Perimeter is the distance around the shape 9+9+4+4=26

Product means to times so 80×52=132

3x + y = 19
2x - y = 6​

Answers

Answer:

Step-by-step explanation:

(x,y)=(5,4)

please help me please i really need help please

Answers

The answer should be the 4th one....

Order from least to greatest -5, -3, -2.6, 3, 0,-15 , sorry for my english

Answers

Answer:

-15, -5, -3, -2.6, 0, 3

Step-by-step explanation:

Answer:

-15,-5,-2.6,0,3

Step-by-step explanation:

negative goes before positive numbers.

How high off the ground is the hot air balloon?

Answers

Answer: It's 90 feet off the ground.

Find the slope given: (-99, 38) & (-99,722)
m =

Answers

Answer:

722-30=y

-99--99=x

(0,692)

I hope this helps, have a nice day :)

Step-by-step explanation:

A new centrifugal pump is being considered for an application involving the pumping of ammonia. The specification is that the flow rate be more than 5 gallons per minute (gpm). In an initial study, eight runs were made. The average flow rate was 6.5 gpm and the standard deviation was 1.9 gpm. If the mean flow rate is found to meet the specification, the pump will be put into service. What is the P-value

Answers

Answer:

from the t-distribution table, at df = 7 and t = 2.23

Lies p-values [ 0.05 and 0.025 ]

Hence;

0.025 < p-value < 0.05

Step-by-step explanation:

Given that;

[tex]x^{bar}[/tex] = 6.5 gpm

μ = 5 gpm

n = eight runs = 8

standard deviation σ = 1.9 gpm

Test statistics;

t = ([tex]x^{bar}[/tex] - μ) / [tex]\frac{s}{\sqrt{n} }[/tex]

we substitute

t = (6.5 - 5) / [tex]\frac{1.9}{\sqrt{8} }[/tex]

t = 1.5 / 0.67175

t = 2.23

the degree of freedom df = n-1 = 8 - 1

df = 7

Now, from the t-distribution table, at df = 7 and t = 2.23

Lies p-values [ 0.05 and 0.025 ]

Hence;

0.025 < p-value < 0.05

how do i solve this step by step??

Answers

It is 102 because of the corresponding angle congruence theorem
Answer: 102

Step by step:
Angle 2 and angle with 102 are corresponding angles meaning they are congruent

Hope this helps :D

How many 1/4 cup servings are in 3 cups of pasta?​

Answers

Answer:

12

Explanation:

1/4 × 12 = 3

Answer:

12

Step-by-step explanation:

1 cup -> 4  [tex]\frac{1}{4}[/tex] cups

3 cups -> 3 x 4 [tex]\frac{1}{4}[/tex] cups

          = 12 [tex]\frac{1}{4}[/tex] cups

Use the rectangle below to answer both parts of the question.

Part 1: Write an equation to find w, if the perimeter of the rectangle above is 72 inches.

Equation:
—————————————
Part 2: What is the value of w, if the perimeter of the rectangle is 72 inches? Solve your equation from part 1.

W =
———————————————-
THIS IS WORTH 60% OF MY GRADE PLEASE !

Answers

Answer:

part 1= "72=(2w)+(w-15)"

part 2= "29"

I'm not sure if they want "w = abc"

I used that equation to solve part 2

Hope this helps you, I've been where you are

Factorise x2 - x
Anyone know this?

Answers

Answer:

x(x-1)

Step-by-step explanation:

x(x-1) is the answer

What is the percent of change from 50 to 11?

Answers

Answer: 22% *nevermind :(*

Step-by-step explanation:

Answer:

78% decrease

Step-by-step explanation:

Calculate percentage change

from V1 = 50 to V2 = 11

(V2−V1)|V1|×100

=(11−50)|50|×100

=−3950×100

=−0.78×100

=−78%change

=78%decrease

hope this helped :)

Smallest number 0.0292,0.062,0.623,0.844

Answers

Answer:

0.0292

Step-by-step explanation:

It comes down to 0.062 and 0.0292 and 0.0292 has the smaller place value

Answer:
0.0292

Explanation:
This is the farthest away from one


i need help asappppp

Answers

13/39 ....................

Answer:

he ran (7/8)

Step-by-step explanation:

first, you add the two fractions ( i did mine with a calculator) 1.125 or 9/8

then you subtract 2 from the sum that you got

then boom there your answer


The attendance at a previous football game was 965
people. The attendance from today's game was 772 people.
What is the percent decrease?
Select one:
2%
193%
O
80%
20%
20%

Answers

Answer:

20%

Step-by-step explanation:

(If I am correct it's 20%! Hope this helps)

what is m CDJ?
please help me I'm super confused.​

Answers

Answer:

34 degrees.

Step-by-step explanation:

Assuming AK is a straight line and being shown angle JDK is right and 90 degrees it can be stated that 4x + (3x-8) = 90 degrees.

Drop the parentheses and get 7x - 8 = 90.

Add 8 to both sides 7x = 98.

Divide both sides by 7, x = 14.

Plug that x value into (3x-8), [3(14)-8] = 34 degrees.

Answer:

34 degrees

Step-by-step explanation:

So, because mJDK and mJDA lie on a line, they must be supplementary, and since mJDK is 90 degrees, mJDA must be too. So, you know that the combination of mADC and mCDJ must be 90 degrees. 4x+3x-8=90 simplified is 7x=98, which says that x is equal to 14. So you plug in the values for 3x-8, and voila! mCDJ is 34!

11. Tell whether the equation has one, no solution, or infinitely many solutions 3(x-8) + 3 = 3x - 21​

Answers

Answer:

infinitely many solutions.

Step-by-step explanation:

IM 6.5.7.
Please show all of
2. Here is an area diagram that
represents (3.1) - (1.4).
a. Find the areas of sub-
rectangles A and B.

Answers

Answer:

answer is idea. sorry also got is fun

Kaitlin makes 9 dollars for each hour of work. Write an equation to represent her total pay p after working h hours.

Answers

it is 9h = p ; have a nice day!!

Answer:

9h=p

Step-by-step explanation:

9 times the number of hours worked equals the total pay.

do this for brainliest! :)

Answers

Answer:

Question 13 is 27/2 (decimal form, 13.5, Mixed fraction 13 1/2)

Question 14 = 4

Step-by-step explanation:

hope this helped you:)

What is the area of the Rhombus​

Answers

The answer is 176. The second answer choice. It’s because if you have a four below the to four you would get 8 and 11 plus 11 would give you 22 so 8x22 gives you 176!

find a and round. (geometry) helppppp

Answers

I got 10.51cm
Either my answer is really off or the scale of the triangle is

1/4 K +1/4 M -2/3 K +5/9 M simplified

Answers

Answer:

-5/12k -11/36m

Step-by-step explanation:

You can spend no more than $112 on a party you are hosting. The cost per guest is $8.

Choose an inequality that represents the number of guests (x) you can invite to the party.

8 + x > 112

8x > 112

8x < 112

8x > 112

Answers

the answer is 8x < 112

Answer:

here hope it works

Step-by-step explanation:

hurry answer quick I need help

Answers

Answer:

Step-by-step explanation:

Can u help me too

What is the equation of the line containing the points (5,2), (10,4), and
(15, 6)?
O A. y= x
O B. y = -x+1
C. y = x-3

Answers

Answer:

y=2/5x

Step-by-step explanation:

The equation of the line containing the points (5,2), (10,4), and

(15, 6) are,

⇒ y = 2/5x

What is Equation of line?

The equation of line in point-slope form passing through the points

(x₁ , y₁) and (x₂, y₂) with slope m is defined as;

⇒ y - y₁ = m (x - x₁)

Where, m = (y₂ - y₁) / (x₂ - x₁)

Given that;

Two points on the line are (5, 2) and (10, 4).

Now,

Since, The equation of line passes through the points (5, 2) and (10, 4).

So, We need to find the slope of the line.

Hence, Slope of the line is,

m = (y₂ - y₁) / (x₂ - x₁)

m = (4 - 2) / (10 - 5)

m = 2 / 5

Thus, The equation of line with slope 2/5 is,

⇒ y - 2 = 2/5 (x - 5)

⇒ y - 2 = 2/5x - 2

⇒ y = 2/5x

Therefore, the equation of the line containing the points (5,2), (10,4), and

(15, 6) are,

⇒ y = 2/5x

Learn more about the equation of line visit:

https://brainly.com/question/18831322

#SPJ7

write an equivalent expression for z to the power of 8​

Answers

Answer:

z^8

Step-by-step explanation:

Joanna earned $120 last week at her job. This is 1/4 of the amount that she earned for the month. What is the equation and the answer.

Answers

Answer:

120 x 4 = 480

Step-by-step explanation:

The equation would be 120 x 4 because it's 1/4 out of the whole sum. So 120 x 4 = 480.

HELPPP PLEASE OMGGG!!!

Answers

Answer:

Step-by-step explanation:

Has to be D Square root is always bigger.

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