Walters savings account has a balance of $273. After 5 years, what will the amount of interest be at 5% compounded quarterly?
1 answer:
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Answer:
The answer to your question is x = or x = 5
Step-by-step explanation:
To solve this problem use the Pythagorean theorem because two right triangles are formed.
c² = a² + b²
c = 10
a = x
b = x Because in a square all the sides measure the same.
10² = x² + x²
- Simplify
100 = 2x²
x² = 100/2
x² = 50
x = or x = 5