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mylen [45]
3 years ago
10

If 7800 is invested at 5.2% interest compounded monthly, how much will the investment be work in 11 years

Mathematics
1 answer:
Marrrta [24]3 years ago
7 0

Answer:

The investment will become $13803.

Step-by-step explanation:

We are given that a principal amount of $7800 is invested at an APR of 5.2% compounded monthly.

We have to calculate the matured sum of money after 11 years.

Now, the monthly interest rate is \frac{5.2}{12} = 0.433\% and the principal is compounded for (11 × 12) = 132 times.

Now, using the formula of compound interest we will get the matured sum

= 7800(1 + \frac{0.433}{100})^{132} = 13803 dollars (Approximate)

Therefore, the investment will become $13803. (Answer)

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The missing coordinates of the parallelogram is (m + h, n).

Solution:

Diagonals of the parallelogram bisect each other.

Solve using mid-point formula:

$\text{Midpoint} =\left( \frac{x_1+x_2}{2}, \frac{y_1+y_2}{2}\right  )

Here x_1=m, y_1=n, x_2=h, y_2=0

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$\text{Midpoint} =\left( \frac{m+h}{2}, \frac{n}{2}\right  )

<u>To find the missing coordinate:</u>

Let the missing coordinates by x and y.

Here x_1=0, y_1=0, x_2=x,  y_2=y

$\text{Midpoint}=\left( \frac{0+x}{2}, \frac{0+y}{2}\right  )

$\left( \frac{m+h}{2}, \frac{n}{2}\right  )=\left( \frac{0+x}{2}, \frac{0+y}{2}\right  )

$\left( \frac{m+h}{2}, \frac{n}{2}\right  )=\left( \frac{x}{2}, \frac{y}{2}\right  )

Now equate the x-coordinate.

$ \frac{m+h}{2}=\frac{x}{2}

Multiply by 2 on both sides of the equation, we get

m + h = x

x = m + h

Now equate the y-coordinate.

$\frac{n}{2} =  \frac{y}{2}

Multiply by 2 on both sides of the equation, we get

n = y

y = n

Hence the missing coordinates of the parallelogram is (m + h, n).

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