The amount of money he will be able to withdraw after 10 years after his last deposit is $926,400.
<h3>Compound interest</h3>
- Principal, P = $2,000 × 12 × 4
= $96,000
- Time, t = 10 years
- Interest rate, r = 24% = 0.24
- Number of periods, n = 2
A = P(1 + r/n)^nt
= $96,000( 1 + 0.24/2)^(2×10)
= 96,000 (1 + 0.12)^20
= 96,000(1.12)^20
= 96,000(9.65)
= $926,400
Therefore, the amount of money he will be able to withdraw after 10 years after his last deposit is $926,400
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The answer should be 50.24 m
Answer:
y = -x
Step-by-step explanation:
slope = change in y/change in x
slope = -1
Find the y-intercept
x value difference between (0,0) and (1,-1) = 1
if change in x = 1 then change in y = -1 so y-intercept = -1 + 1 = 0
y = -x + 0
It is simply would be: √π
= √3.14
= 1.7728
In short, Your Answer would be: 1.7728
Hope this helps!
For number 9 put the equation in the graphing calculator and see what the outcome is