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Sedbober [7]
3 years ago
5

A 20,000 deposit earns 4.8 interest for 4 years . What is the final account balance if the interest is compounded semiannually ?

Quarterly? Monthly ?
Mathematics
1 answer:
Bad White [126]3 years ago
4 0

Answer:

Semi-annually: A = $24 178.51

Quarterly:         A = $24 205.73

Monthly:           A = $24 224.13

Step-by-step explanation:

The formula for compound interest is

A = P(1 + r)ⁿ

A. Compounded semi-annually

Data:

P = $20 000

APR  = 4.8 %

t = 4 yr

Calculations:

n = 4 × 2 = 8

r = 0.048/2  = 0.024

A = 20 000(1+ 0.024)⁸

  = 20 000 × 1.024⁸

  = 20 000 × 1.208 926

  = $24 178.51

B. Compounded Quarterly

n = 4 × 4 = 16

r = 0.048/4  = 0.012

A = 20 000(1+ 0.012)¹⁶

  = 20 000 × 1.012¹⁶

  = 20 000 × 1.210 286

  = $24 205.73

C. Compounded monthly

n = 4 × 12 = 48

r = 0.048/12  = 0.004

A = 20 000(1+ 0.004)⁴⁸

  = 20 000 × 1.004⁴⁸

  = 20 000 × 1.211 207

  = $24 224.13

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jenyasd209 [6]

0.9285714 has 7 digits after the decimal sign. So it is equivalent to the fraction with a numerator 9285714 and a denominator 10000000

\bf{0.9285714=\dfrac{9285714}{10000000},reduced \ by \ 2 \ : \dfrac{4642857 }{5000000}   }

Result:

The decimal number 0.9285714 is equivalent to the fraction

4642857 / 5000000

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Answer:

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So to have triangle MNP map onto to TSR we need to translate & then reflect.

Option C) is the right answer.

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A plastic storage bin is shaped like a rectangular prism. The height of the bin is 9 inches. The bottom of the bin has an area o
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<em>1620in³</em>

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