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xxTIMURxx [149]
3 years ago
13

Francisco has a savings account balance of $2033.88. 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:
artcher [175]3 years ago
3 0
The equation for this is:

F = P(1+i)ⁿ
where
F is the present accounts balance
P is the initial deposit
i is the interest rate
n is the number of months

The interest rate is nominal which is 2.9% per year compounded monthly. Since there are 12 months in a year, that is equal to an effective interest rate of 0.24167% per month compounded monthly (i = 0.0024167). In 9 years, there are a total of 108 months, so n=108.

<span>$2033.88 = P(1+0.0024167)</span>¹⁰⁸
P = $1567.147
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The expression 32−48 factored using the GCF is???
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A bicycle wheel travels exactly 26/pi inches in I full rotation, what is the area, to the nearst square inch, of a circle the sa
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<h3>What is the area of the circle?</h3>

A circle is a bounded figure which points from its center to its circumference is equidistant.

Area of a circle = πr²

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Refer to the attached diagram for further a visual explanation. As per the given information, segments (AB) and (AD) are congruent. Moreover, segments (AC) and (AE) are also congreunt. One is also given that angles (<BAD) and (<EAC) are congruent. However, in order to prove the triangles (ABC) and (ADE) are congruent (using side-angle-side) congruence theorem, one needs to show that angles (<BAC) and (<DAE) are congruent. An easy way to do so is to write out angles (<BAC) and (<DAE) as the sum of two smaller angles:

<BAC = <BAD + <DAC

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Therefore triangles (ABC) and (ADE) are congruent by side-angle-side, thus sides (BC) and (DE) must also be congruent.

In summary:

AB = AD                                               Given

AC = AE                                               Given

<BAD = <EAC                                      Given

<DAC = <DAC                                     Reflexive

<BAC = <BAD + <DAC                       Parts-Whole Postulate

<DAE = <EAC + < DAC                       Parts-Whole Postulate

<BAC = <DAE                                      Transitivity

ABC = ADE                                          Side-Angle-Side

BC = DE                                               Corresponding parts of congruent triangles are congruent

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