The amount of money after 45 years will be $64,060.
<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.
We know that the compound interest is given as
A = P(1 + r)ⁿ
Where A is the amount, P is the initial amount, r is the rate of interest, and n is the number of years.
Investments increase exponentially by about 26% every 3 years.
If you made a $2,000 investment.
Then the equation will be
Where t is the number of years.
Then the amount of money after 45 years will be
Simplify the equation, then we have
A = 2000 × (1.26)¹⁵
A = 2000 × 32.03
A = $64,060
More about the compound interest link is given below.
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Answer:
No, these triangles cannot lie on the same line.
Step-by-step explanation:
For two triangles to lie on the same line they must have the same slope.
The slope of the bigger triangle is
and the slope of the smaller triangle is
slopes are negative because the triangles are leaning to the left.
We see that the slopes of the two triangles are not the same; therefore, they cannot lie on the same line.