Miguel deposits $5000 in an account
1 answer:
Then the amount of money will he have in his account after 10 years will be $7,454.16. Then the correct option is B.
<h3>What is compound interest?</h3>Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
Miguel deposits $5000 in an account earning 4% interest compounded monthly.
Then the amount of money will he have in his account after 10 years will be
We know the compound interest formula.
Where
A = amount
P = principal
r = rate of interest
t = time period (in year)
Then we have
More about the compound interest link is given below.
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The correct answer is A.) { - 0.79 ; 1.08 }, because
<span><span> <span>For </span><span>ax^2 + bx + c = 0</span><span>, the value of </span>x<span> is given by:</span></span> <span> ;
a = - 7 ; b = 2 ; c = 6 ;
b^2 - 4ac = 4 + 168 = 172 ; </span></span>
≈ 13.11 ;<span><span>
x 1 = ( - 2 + 13.11 ) / (- 14) = 11.11 / ( - 14 ) </span></span>≈<span><span> -0.79 ;
x = 2 = ( - 2 - 13.11 ) / ( - 14 ) = (-15.11) / (- 14 ) </span></span>≈ 1.08 ;<span><span>
</span></span>
<span><span> <span>For </span><span>ax^2 + bx + c = 0</span><span>, the value of </span>x<span> is given by:</span></span> <span> ;
a = - 7 ; b = 2 ; c = 6 ;
b^2 - 4ac = 4 + 168 = 172 ; </span></span>
x 1 = ( - 2 + 13.11 ) / (- 14) = 11.11 / ( - 14 ) </span></span>≈<span><span> -0.79 ;
x = 2 = ( - 2 - 13.11 ) / ( - 14 ) = (-15.11) / (- 14 ) </span></span>≈ 1.08 ;<span><span>
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