Jamal deposits $1000 into a savings account on his 18th birthday. If the 2% interest is compounded yearly, how much will he have
1 answer:
The number of years (n) that the deposit stayed in his balance is given by: 65 - 18 = 47 years.
The future value (FV) of a deposit (P), deposited at an interest rate of r% compounded yearly for n years is given by
Given that <span>Jamal deposits P = $1000 into a savings account on for n = 47years at 2% interest compounded yearly, the amount in his bank account at the end of the period is given by
</span>
The future value (FV) of a deposit (P), deposited at an interest rate of r% compounded yearly for n years is given by
Given that <span>Jamal deposits P = $1000 into a savings account on for n = 47years at 2% interest compounded yearly, the amount in his bank account at the end of the period is given by
You might be interested in
ANSWER
or
We have
Since we cannot factor easily, we complete the square.
Adding 2 to both sides give,
Dividing through by 3 gives
Adding
to both sides gives
The expression on the Left Hand side is a perfect square.
Splitting the plus or minus sign gives
or
or
We have
Since we cannot factor easily, we complete the square.
Adding 2 to both sides give,
Dividing through by 3 gives
Adding
The expression on the Left Hand side is a perfect square.
Splitting the plus or minus sign gives
or
Answer:
16 students can sit around a cluster of 7 square table.
Step-by-step explanation:
Consider the provided information.
We need to find how many students can sit around a cluster of 7 square table.
The tables in a classroom have square tops.
Four students can comfortably sit at each table with ample working space.
If we put the tables together in cluster it will look as shown in figure.
From the pattern we can observe that:
Number of square table in each cluster Total number of students
1 4
2 6
3 8
4 10
5 12
6 14
7 16
Hence, 16 students can sit around a cluster of 7 square table.
