8. Draw a number line and place the following it 4/8 0.25 3/4 0.5 0 1/2 1
1 answer:
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Answer:
$1,179
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, lets change 2.6% into a decimal:
2.6% -> -> 0.026
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:
The account balance after 10 years will be $1,179
First notice that the triangle with sides 
and the triangle with sides 
are similar. This is true because the angle between sides 
in the smaller triangle is clearly 
, while the angle between sides 
in the larger triangle is clearly 
. So the triangles are similar with sides corresponding to 
, respectively.
Now both triangles are
, which means there's a convenient ratio between its sides. If the length of the shortest leg is 
, then the length of the longer leg is 
and the hypotenuse has length 
.
Since
is the shortest leg in the larger triangle, it follows that 
, so 
Now both triangles are
Since