anonymous
  • anonymous
a new house costs 300,000.00. leanor wants to buy the house and needs $16,200.00 for a down payment.leanor currently has $12,000.00 in a savings account in order to have enough for the down payment on the house?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
please help me
anonymous
  • anonymous
this contradicts it self. it first says he need 16,200.00 but then it says he has only 12,000.00
anonymous
  • anonymous
what does contradicts mean?

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anonymous
  • anonymous
torrid can u please help me
anonymous
  • anonymous
please
anonymous
  • anonymous
it means that it doesnt make sense.
anonymous
  • anonymous
how it just says that he has this and she needs this thats partof the question
anonymous
  • anonymous
it says that he needs 16,200.00 but he only has 12,000.00. He does not have enough to purchase this house.
anonymous
  • anonymous
I think it's asking how much more does this person need before she can put down the down payment, right?
anonymous
  • anonymous
Oh. then it would be 3,800.00
anonymous
  • anonymous
no its askin how long must she keep the money in the savings account in order to have enough for the down payment on the house?
anonymous
  • anonymous
whats the interest rate?
anonymous
  • anonymous
it saids 7% simple interest
anonymous
  • anonymous
thank you
anonymous
  • anonymous
k
anonymous
  • anonymous
if its 7% per year, it would be 5 years. if it was 7% per month it would be 5 months!
anonymous
  • anonymous
k
anonymous
  • anonymous
yea bt i dnt know if its month or year it dnt say
anonymous
  • anonymous
write it as both. then you cant be wrong ;)
anonymous
  • anonymous
okay so then how do i do it
anonymous
  • anonymous
i dont know. I would just write it as : If the interest rate is 7% then it would happen when the return of the money would be.
anonymous
  • anonymous
nd how did u get 5 years or 5 months
anonymous
  • anonymous
i took 12,000 and then i multiplied it by .07 (which is 7%) then i took another calculator and and took 16,200 - 12,000 then i took the answer of question 2 and divide it by question 1 you will get 5.
anonymous
  • anonymous
oh bt it gave me a decimal
anonymous
  • anonymous
i dont know why sorry.
anonymous
  • anonymous
n.m i got 5
anonymous
  • anonymous
great!

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