A savings account earns 7.2 (APR) compounded monthly, so it earns 0.6% each month. Cooper has $1500 in the account now. if he de
2 answers:
<u>Answer-</u>
<em>Cooper will receive </em><em>$12.00</em><em> at the end of the month.</em>
<u>Solution-</u>
Cooper has $1500 in the account now and he deposits an additional $500 at the beginning of the month.
So the total principal becomes 1500+500 = $2000
Given here,
APR = annual percentage rate = 7.2%
But as we have to calculate the monthly interest, so monthly interest rate would be
Time period = 1 month
So, the interest after 1 month will be,
Therefore, Cooper will receive $12.00 at the end of the month.
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The equations to calculate the legs are 0.5(x)(x + 2) = 24, x^2 + 2x - 48 = 0 and x^2 + (x + 2)^2 = 100
<h3>How to determine the legs of the triangle?</h3>The complete question is in the attached image
The given parameters are:
Area = 24
Legs = x and x + 2
The area of the triangle is calculated as:
Area = 0.5 * Base * Height
This gives
0.5 * x * (x + 2) = 24
So, we have:
0.5(x)(x + 2) = 24
Divide through by 0.5
(x)(x + 2) = 48
Expand
x^2 + 2x = 48
Subtract 48 from both side
x^2 + 2x - 48 = 0
Hence, the equations to calculate the legs are 0.5(x)(x + 2) = 24, x^2 + 2x - 48 = 0 and x^2 + (x + 2)^2 = 100
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