A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
1 answer:
After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
- cos(A) = 3/5
- cos(B) = 0
- cos(C) = 4/5
Step-by-step explanation:
The mnemonic SOH CAH TOA reminds you of the relation between the cosine of an angle and the sides of the triangle.
Cos = Adjacent/Hypotenuse
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<h3>Angle A</h3>In the given triangle, the hypotenuse is AC. The side adjacent to angle A is AB, so its cosine is ...
cos(A) = AB/AC
cos(A) = 3/5
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<h3>Angle B</h3>The right angle in the triangle is angle B. The cosine of a right angle is 0.
cos(B) = 0
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<h3>Angle C</h3>The side adjacent to angle C is CB, so its cosine is ...
cos(C) = CB/AC
cos(C) = 4/5
