Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
Step-by-step explanation:
rc = planted rows of carrots
rt = planted rows of tomatoes
h = number of hours
rc = 4h + 1 (starting with 1 already finished row there will be 4 additional rows every hour)
rt = 3h + 8 (staying with 8 already finished rows there will be 3 additional rows every hour).
when will they have planned the same number of rows ?
when rc = rt, of course.
so,
4h + 1 = 3h + 8
h = 7
4×7 + 1 = 28 + 1 = 29 rows
after 7 hours Quincy and his mom will each have planted 29 rows of vegetables.
x= -8/5
x equals negative 8 over 5
The external angle (53°) is half the difference of the intercepted arcs (y°, 180°), so we have
53 = (180 - y)/2
106 = 180 - y
y = 180 - 106
y = 74
The appropriate choice for the value of y is ...
74
True we would get a different solution
