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2 answers:
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Answer:
$57,369
Step-by-step explanation:
We have been given that an amount of $53,000 is placed in an investment account that grows at a fixed rate of 2% (compound growth) per year. We are asked to find the amount in the account after 4 years.
To solve our given problem we will use compound interest formula.\
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Let us convert our given rate in decimal form.
Upon substituting our given values in compound interest formula we will get,
Therefore, an amount of $57,369 will be in the account after 4 years.
Answer:
10.5 Degree.
Step-by-step explanation:
The inclined length of the ramp is 16' i.e. 16 feet i.e. (16 × 12) = 192 inches.
And the rise of the ramp is 35" i.e. 35 inches.
We have to calculate the degree of slope from the above information.
If we consider the ramp as the hypotenuse of a right triangle, then the perpendicular height is 35 inches.
Then angle of slope is given by
⇒ degree. (Answer)