Car Insurance Quotes 4 Each - Car Insurance Questions

Question: Math please help, best answer gets 10 points!!?

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Answer #1:

none of these answers are right. it's $4576.50

Answer #2:

I = Prt

(4500)(0.017)(5)

then add

4500

4882.50

adding to this, this is only normal interest

if you want compound interest

future value = present value (1 + interest)^number of years)

Answer #3:

B. $4882.50

The first thing you need to do is figure out what 1.7% of 4,500 is.
-Convert the percentage into a decimal by dividing 1.7 by 100 to get .017
-Multiply 4500 times .017 to get the interest which is 76.5
-Multiply the interest (76.5) times the number of years (5) to get 382.50
-Add 382.50 to the original deposit amount 4,500 to get your answer of $4882.50

Answer #4:

Just look at the possible answers. Only 1 answer shows an increase in the amount deposited. This must be the answer.... B

However, the formula to solve this is 4500 x .017 x 5 = 382.50 in interest. Add this back to the original amount

The problem with this example is that the interest is not compounded, as it would be in the real world.

Answer #5:

it should be b. $4882.50

((4500 x 1.7%) x 5) + 4500=4882.5

Answer #6:

Answer: B;4882.5

1.7% interest per annual of $4500 = (1.7/100)*4500 = 76.5
5 yers = 5 * 76.5 = 382.5

Total amount = 4500 + 382.5 = 4882.5

Answer #7:

Of you options mentioned, the only practical answer is: B) $4882.50
It can only be this aswer because at the end of 5 years, you absolutely have to have more in the account thatn the $4500 that you started with. This means B is the only practical answer.

When I calculate out the answer, the aswer is really $4895.73.
The calculation is as follows:
$4500 x 1.017 x 1.017 x 1.017 x 1.017 x 1.017 = $ 4895.73

Answer #8:

4500 x 1.17 (to the power of 5) = .... hmmm thought that should work.





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