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Mamont248 [21]
1 year ago
13

Ian puts 300.00 into an account to use for school expenses the account earns 6%interest compounded annually how much will be in

the account after 10 years
Mathematics
1 answer:
romanna [79]1 year ago
4 0

This problem is about componded interest. The formula for compounded interest is:

\begin{gathered} \text{Amount}=\text{Initial}\cdot(1+r)^t \\ \text{Where,} \\ \text{Amount is the total acumulative at time t.} \\ \text{Initial is the initial amount, at t=0} \\ r\text{ is the interest in decimal number.} \\ t\text{ is the time accordingly the interest, in this case is in years.} \end{gathered}

In this case, Initial = 300, r = 0.06 and t=10 so the total amount in the account after 10 years is:

\begin{gathered} \text{Amount}=300\cdot(1+0.06)^{10} \\ \text{Amount}=300\cdot1.06^{10} \\ \text{Amount}=300\cdot1.79085 \\ \text{Amount}=537.255 \end{gathered}

The amount after 10 years is 573.26.

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\large\underline{\sf{Solution-}}

<h2 /><h2><u>Consider</u></h2>

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\boxed{\tt{ \cos \bigg( \frac{3\pi}{2} + x \bigg) \cos \: (2\pi + x) \bigg \{ \cot \bigg( \frac{3\pi}{2} - x \bigg) + cot(2\pi + x) \bigg \} = 1}}

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

<h2>ADDITIONAL INFORMATION :-</h2>

Sign of Trigonometric ratios in Quadrants

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