3 years ago

What is The value of X?

Mathematics

1 answer:

Vladimir79 [104]3 years ago

5 0

Answer:

Step-by-step explanation:

a) x=24

b) x=20

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Answer:

Step-by-step explanation:

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Neal opened a savings account 11 years ago with a deposit of $2,335.69. The account has an interest rate of 4.3% compounded dail

Vinvika [58]

Answer: $1,412.52

Step-by-step explanation:

Formula to calculate the accumulated amount if P principal invested for t years at a rate of interest r that compounded daily is given by:-

$A=P(1+\dfrac{r}{365})^{365t}$

Given: P= $2,335.69

r= 4.3%= 0.043

t= 11 years

Then,

$A=2335.69(1+\dfrac{0.043}{365})^{365\times11}\\\\=2335.69(1+0.000117808219178)^{4015}\\\\=2335.69(1.000117808219178)^{4015}\\\\= 2335.69(1.6047566747)\\\\=3748.09044309\approx3748.21\\\\\Rightarrow\ A=\$3748.21$

Interest earned = A-P

= $3748.21- 2335.69.

= $1412.52

Hence, Neal earned $1,412.52 as interest.

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3 years ago