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tiny-mole [99]
2 years ago
13

Francisco has a savings account balance of 2,033.88. The interest rate on the account is 2.9% compounded monthly. If he opened t

he account nine years ago what was the value of his initial deposit.
Mathematics
1 answer:
inna [77]2 years ago
4 0
Let P = the value of the initial deposit.

Given:
A = 2,033.88, the current amount
r = 2.9% = 0.029, interest rate
n = 12, compounding interval
t = 9  years

Then
A=P(1+ \frac{r}{n})^{nt}

That is,
P(1 + 0.029/12)¹⁰⁸ = 2203.88
1.2978P = 2203.88
P = $1,698.17

Answer: $1,698.17
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MrMuchimi

Answer:

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5 0
3 years ago
The area of the triangle formed by points of intersection of parabola y=a(x−3)(x+2) with the coordinate axes is 10. Find a if it
ICE Princess25 [194]

Answer: a = 4

Step-by-step explanation: Area of a triangle is calculated as: A_{t}=\frac{b.h}{2}.

The triangle formed by the parabola has base (b) equal to the distance between the points where the graph touches x-axis and height (h) is the point where graph touches the y-axis.

The points on the x-axis are the roots of the quadratic equation:

a(x-3)(x+2)=0

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x = 3

or

x + 2 = 0

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So, base is the distance between (-2,0) and (3,0).

Since they are in the same coordinate, distance will be:

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5a = 10.2

a = 4

The constant a of the function y = a(x-3)(x+2) is 4.

7 0
2 years ago
-7x + 13<br> HELP I WILL CHOOSE BRAINLIEST TO BEST ANSWER
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3 0
3 years ago
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How to find the square root and cube root of a number?
tiny-mole [99]
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6 0
3 years ago
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A table has 4 equal edges, one side is 4 cm what is the perimeter
nasty-shy [4]

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Step-by-step explanation:

so

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=16cm  

hope this helped

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2 years ago
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