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WINSTONCH [101]
3 years ago
8

Find the balance in the account. $2,500 principal earning 4%, compounded quarterly, after 4 years

Mathematics
1 answer:
Helen [10]3 years ago
3 0

\bf ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad  \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$2500\\ r=rate\to 4\%\to \frac{4}{100}\dotfill &0.04\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{quarterly, thus four} \end{array}\dotfill &4\\ t=years\dotfill &4 \end{cases} \\\\\\ A=2500\left(1+\frac{0.04}{4}\right)^{4\cdot 4}\implies A=2500(1.01)^{16}\implies A\approx 2931.4466123

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3 years ago
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ollegr [7]

Answer:

Step-by-step explanation:

Because of the word "or", this is a disjunction, or a union of all the solutions to the inequality as they present on a number line.

For the first inequality:

4(x + 1) > -4 we distribute through the parenthesis to get

4x + 4 > -4 and subtract 4 from both sides to get

4x > -8 and then divide both sides by 4 to get

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For the other inequality:

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4 0
1 year ago
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MissTica

Answer:

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Step-by-step explanation:

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16 × 3.14 = 50.24

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