The amount you should deposit is $4709.18
Step-by-step explanation:
The formula for compound interest, including principal sum is
, where:
- A is the future value of the investment/loan, including interest
- P is the principal investment amount
- r is the annual interest rate in decimal
- n is the number of times that interest is compounded per unit t
- t is the time the money is invested or borrowed for
∵ You want to have $5000 in your savings account in 2 years
∴ A = 5000
∴ t = 2
∵ The account pays 3% annual interest, compounded monthly
∴ r = 3% = 3 ÷ 100 = 0.03
∴ n = 12 ⇒ compounded monthly
- Substitute these values in the formula above
∴ 
∴ 
∴ 
- Divide both sides by 
∴ P = 4709.18
The amount you should deposit is $4709.18
Learn more:
You can learn more about the compounded interest in brainly.com/question/2514241
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$72.
20% of 60 is 12
$12 + $60 = $72
Here, 5v+6 = 8v-9
8v - 5v = 6 + 9
3v = 15
v = 15/3
v = 5
So, m<b = 5(5) + 6 = 25 + 6 = 31
As they are congruent, m<q would be same [ 31 degree ]
In short, Your Answer would be Option A
Hope this helps!
Answer:
:0 no one knows
Step-by-step explanation: