The amount of money he will be able to withdraw after 10 years after his last deposit is $926,400.
<h3>Compound interest</h3>
- Principal, P = $2,000 × 12 × 4
= $96,000
- Time, t = 10 years
- Interest rate, r = 24% = 0.24
- Number of periods, n = 2
A = P(1 + r/n)^nt
= $96,000( 1 + 0.24/2)^(2×10)
= 96,000 (1 + 0.12)^20
= 96,000(1.12)^20
= 96,000(9.65)
= $926,400
Therefore, the amount of money he will be able to withdraw after 10 years after his last deposit is $926,400
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Answer:
See explanation
Step-by-step explanation:
If a quadratic trinomial has a leading coefficient of 1 and a positive constant, then it is very easy to factor.
You just have to look for two factors of the constant term that add up to the coefficient of x( the middle term).
Then you write as factors.
For instance;
To factors of 6 that add up to 5 are 2 and 3.
Therefore the factorization is:
Multiplying an odd number of negative factors equals a negative
-5* 2n -1
Calculate the product
the answer is -10n - 1
4x+7=-3
4x=-3-7
4x=-10
X=-10/4
X=-2.5
