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andrew-mc [135]
1 year ago
9

Lucas spends $83.42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been ab

le to save this money for the year and then put it into a savings account earning 1.8% simple interest, how much money could he have in savings after 3 more years?
Business
2 answers:
worty [1.4K]1 year ago
6 0

Answer:

$1,056.07

Explanation:

Given:

Amount spent each month = $83.42

Interest rate, r = 1.8% = 0.018

Time, n = 3 years

Now,

The total amount collected at the end of the year = $83.42 × 12 = $1001.04

The value of amount deposited in the bank after 3 years will be

Future value = Present value × ( 1 + r )ⁿ

on substituting the respective values, we have

Future value = $1001.04 × ( 1 + 0.018 )³

or

Future value = $1,056.07

Hence,

The money he could have at the end of 3 more years will be $1,056.07

Step2247 [10]1 year ago
6 0

Answer:

B.) 1,055.10

Explanation:  

Took the test and was right

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Vika [28.1K]

Answer:

The correct answer is letter "A": Histogram.

Explanation:

A Histogram is a graphic representation of grouped data in intervals. The data comes from quantitative variables. A histogram allows generating an idea of the distribution of the data or samples. Qualitative data can also be used but the amount of data must be large. This type of graph plots rectangular vertical bars together with proportional height to the intervals they represent.

Thus,<em> the project in the example can use a histogram to portrait its level of sales through the different seasons.</em>

7 0
2 years ago
The table below lists the prices from last year and the base year for a college-related basket of goods. Assume that the typical
RSB [31]

Answer:

a. Inflation rate is 75%

b, Inflation rate is 40%

Explanation:

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The derivation of Inflation is shown in the attached document

6 0
1 year ago
One week, Rachel earned $250. She spent $120 on food, $30 on miscellaneous items, and saved the rest. If Rachel makes a pie char
SSSSS [86.1K]

360° = $250

? =.$120

120×360= 43200

43200÷250

=172.8°

3 0
1 year ago
Microsoft and a smaller rival often have to select from one of two competing technologies, A and B. The rival always prefers to
Mrrafil [7]

Answer:

True

Explanation:

Microsoft matrix along with his rivals. There are two ways to use the technology. Microsoft and its rival can move simultaneously. The equilibrium strategy can be determined y pay off matrix. The both companies use pure strategy. The criteria for pure strategy is max-min and min-max. The max-min strategy means select least case from all the best cases and min-max is selecting the best case from all the least cases.

4 0
1 year ago
Online aggregators are more comprehensive than the home listing service that real estate agents use. True or False
damaskus [11]

Answer:

The given statement is True. Online Aggregators are more comprehensive than the home listing service that real estate agents use.

Explanation:

Online aggregators are the programs or sites in the digital space which collects related items of content and link them and show them through their sites or programs.

Online aggregators puts the most relevant information that people are looking for. They link different aspects with each other to help people take decisions, like in this question, regarding the real estate.

Real Estate agents don't tell certain information to the client due to some laws or some insecurities of loosing the clients, but online aggregators make each and everything clear and even finds links between the choices of homes and display them on their sites. For example, an online aggregator may list the houses that are near to schools, hospitals, community service centers and also put the ranking of those schools and other services in that area, they tell the crime rate in that area, security, etc. But all such things are usually kept hidden by the real estate agents due to some overly restricted codes in their agreement of the licence from the government.

7 0
2 years ago
Read 2 more answers
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