The phone you want is $500.
You’ve already saved $50.
So you need to save $450 more.
If Nas wants to purchase the phone in 6 months, how much will she have to save per month?
Select a response
112.50
75.00\
I'm not sure
.
To find out how much Nas has to save per month, we divide the total amount she needs to save ($450) by the number of months (6). This gives us $75 per month.
Therefore, Nas will have to save $75 per month to purchase the phone in 6 months.
The correct response is: 75.00.
If Terrence starts with a principal of $50 at a rate of 3% interest, how much will he earn in interest over 5 years?
Select a response.
7.50
23.20
13.75
To calculate the interest earned, we use the formula P * r * t, where P is the principal amount, r is the interest rate, and t is the time period.
In this case, the principal amount is $50, the interest rate is 3%, and the time period is 5 years.
Therefore, the interest earned is:
50 * 0.03 * 5 = $7.50
So Terrence will earn $7.50 in interest over 5 years.
The correct response is: 7.50.
If Terrence starts with a principal of $500 at a rate of 2% interest, how much will he earn in interest over 10 years?
Select a response.
200
50
100
To calculate the interest earned, we use the formula P * r * t, where P is the principal amount, r is the interest rate, and t is the time period.
In this case, the principal amount is $500, the interest rate is 2%, and the time period is 10 years.
Therefore, the interest earned is:
500 * 0.02 * 10 = $100
So Terrence will earn $100 in interest over 10 years.
The correct response is: 100.