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Valentin [98]
3 years ago
12

Suppose that $3500 is placed in an account that pays 2% interest compounded each year. Assume that no withdrawals are made from

the account.
Follow the instructions below. Do not do any rounding.

(a) Find the amount in the account at the end of year 1.
$?

(b) Find the amount in the account at the end of year 2.
$?
Mathematics
1 answer:
Burka [1]3 years ago
7 0
1% of $3500 is $35

Double that means

2% is $70

So first year would be $3570

Now

1% of $3570 is $35.70
2% is $71.40

So second year would be

$3641.40
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Find the coordinates of point P on →AB that partitions the segment into the given ratio AP to PB .
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The line segment AB is divided at point P, which has coordinates P(0,-7.5)

A line segment is a section of a line that connects two locations to create a straight line or we can say that is connects two distinct points together to form a single line. It is extendable to either side.

Given are,

A line segment AB with coordinates of A(0,0 ) and B(-15,0) respectively

Two minor line segments, AP and PB, are created from the line segment AB by the provided point P

We must determine the dividing point's coordinates, or P.

We'll apply the formula provided,

The coordinates of the point P are given by  = (\frac{x1+x2}{2},\frac{y1+y2}{2} )

Now, x1 = 0, x2 = 0, y1 = -15, y2 = 0

Putting values in the formula, we get

(\frac{0+0}{2}, \frac{0-15}{2})

(0,-7.5)

Hence, the point P which partitions the line segment AB have coordinates as P(0,-7.5)

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