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please help me
this contradicts it self. it first says he need 16,200.00 but then it says he has only 12,000.00
what does contradicts mean?
torrid can u please help me
it means that it doesnt make sense.
how it just says that he has this and she needs this thats partof the question
it says that he needs 16,200.00 but he only has 12,000.00. He does not have enough to purchase this house.
I think it's asking how much more does this person need before she can put down the down payment, right?
Oh. then it would be 3,800.00
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?
whats the interest rate?
it saids 7% simple interest
if its 7% per year, it would be 5 years. if it was 7% per month it would be 5 months!
yea bt i dnt know if its month or year it dnt say
write it as both. then you cant be wrong ;)
okay so then how do i do it
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.
nd how did u get 5 years or 5 months
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.
oh bt it gave me a decimal
i dont know why sorry.
n.m i got 5