You wish to have $2000 in 3 years to buy a fancy new stereo system. How much should you deposit each quarter into an account paying 6% compounded quarterly?

The correct answer is - $1977.7913.

Step-by-step explanation:

Given:

Maturity value = 2000

time = 3 years

rate = 6% compounded quarterly

Solution:

If  A is the Maturity Value, P is the Principal Amount, r is the Rate of Return, n is the Frequency And t is the Time in Year then the Formula for Compound Interest would be -

A = P(1+r/n)^nt

Putting the given values in formula,

2000 = P*(1 + (0.06/4))^(3*4)

P = 2000/(1 + (0.06/4))^(3*4)

Thus,

P = $1977.7913

x=6 and x=3

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24

step-by-step explanation:

the graph shows 30% of students walk. 80 students were questioned, so the number that said they walk is

30% × 80 = 0.30 × 80 = 24