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musickatia [10]
3 years ago
15

An Individual Retirement Account​ (IRA) has ​$17 comma 000in​ it, and the owner decides not to add any more money to the account

other than interest earned at 4​%compounded daily. How much will be in the account 30years from now when the owner reaches retirement​ age?
Mathematics
1 answer:
Umnica [9.8K]3 years ago
6 0

Answer: The owner reaches at Rs. 56438.28 after 30 years.

Step-by-step explanation:

Since we have given that

Sum = Rs. 17000

Rate of compounded daily = 4%

Number of years = 30 years

So, Using "compound interest formula" we get that :

A=P(1+\dfrac{r}{n})^{nt}\\\\A=17000(1+\dfrac{0.04}{365})^{365\times 30}\\\\A=17000(1.000109589)^{10950}\\\\A=56438.28

Hence, The owner reaches at Rs. 56438.28 after 30 years.

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mamaluj [8]
Hello! The question simplified is 4x + 14. This is because when you have a negative symbol in front of the numbers you need to distribute, you change the numbers inside into the opposites, and then multiply by -1. When you do this, you get 3 + 4x + 5 + 6. When you combine like terms, you get 4x + 14. The answer is B: 4x + 14.
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3 years ago
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6(x² + 8x + 16)

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Step-by-step explanation:

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<u>Answer:</u>

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