Hello!
We will add up 0.046 of our number each year for four years as seen below.
1600(0.046)=73.6
1600+73.6=1673.6
1673.6(0.046)≈76.99
1673.6+76.99=1750.59
1750.59(0.046)≈80.53
1750.59+80.53=1831.12
1831.12(0.046)≈84.23
1831.12+84.23=1915.35
Therefore, you will have about $1,915.35 in your account after 4 years.
I hope this helps!
Answer:
r = 12
Step-by-step explanation:
From the figure attached,
QP is a tangent to the circle O at the point P.
Therefore, by the property of tangency,
OP ⊥ QP
By applying Pythagoras theorem In right triangle QPO,
(Hypotenuse)² = (Leg 1)² + (Leg 2)²
(OQ)² = (OP)² + (PQ)²
(25 + r)² = (35)² + r²
625 + r² + 50r = 1225 + r²
50r = 1225 - 625
50r = 600
r = 12
Therefore, r = 12 units is the answer.
Answer:
$1950
Step-by-step explanation:
Simple interest amount payable is given by
A=P(1+rt) where p is principal amount, A is final amount paid, t is time and r is rate of interest. For the first case
A=15000(1+0.03*4)=$16800
For second case
A=15000(1+0.05*5)=$18750
Difference will be 18750-16800=$1950
Answer:90
Step-by-step explanation:
