Lynne invested 35,000 into an account earning 4% annual interest compounded quarterly she makes no other deposits into the account and does not withdraw any money. What is the balance of Lynne's account in 5years

Data:

P = 35000

r = 4% = 0,04

n = 4

t = 5

P' = ?

I = ?

We have the following compound interest formula

$P' = P*(1+\dfrac{r}{n})^{nt}$

$P' = 35000*(1+\frac{0,04}{4})^{4*5}$

$P' = 35000*(1+0,01)^{20}$

$P' = 35000*(1,01)^{20}$

$P' = 35000*(1.22019003995...)$

$P' \approx 42,706.66$

So the new principal P' after 5 years is approximately $42,706.66.

Subtracting the original principal from this amount gives the amount of interest received:

$P' - P = I$

$42,706.66 - 35000 = \boxed{\boxed{7,706.66}}\end{array}}\qquad\checkmark$

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I Hope this helps, greetings ... Dexteright02! =)

4 0

3 years ago

Help me asap (please please)

CaHeK987 [17]

Area of a circle = pi*r^2.

Here, A = 380.13 mi. Unfortunately, "mi" is NOT a unit of area.

So I will assume that the problem should read A = 380.13 sq. miles.
380.12 mi^2
Thus, 380.13 mi^2 = 3.14*r^2, and r^2 = ------------------- 121.057 mi^2
3.14

The radius is the sqrt of 121.057 mi^2: 11.00 miles.

The diam. is twice that, or d = 22.00 miles.

4 0

4 years ago